Since 2016, Kaufland’s investments in its development in Moldova have exceeded 85 million euros; the construction and improvement of the first stores in Chisinau is nearing completion
This was discussed at a meeting that the Minister of Economy and Infrastructure of Moldova, Vadim Brinzan, held with Marco Hößl, the general director of Kaufland in Romania and Moldova. The parties discussed topics related to improving legislation for the business environment, innovative technologies in the field of retail, as well as GlobalGAP certification for local manufacturers. “We are pleased that the world-famous company decided to invest in our country. We encourage such initiatives and we want foreign investors to contribute to the economy of Moldova. Together with the ministry team, we are striving to build a country with a sustainable economy. In this regard, we will eliminate all bureaucratic barriers that have been artificially created, we will eradicate to zero corruption in the system, thus creating fair competition for investors,” said Vadim Brinzan. In turn, Marco Hößl told the Minister of Economy and Infrastructure about the construction of the first Kaufland stores, which are nearing completion and are in the process of development. “Kaufland has bold plans for the Moldovan market. All our efforts are aimed at meeting customer needs, developing relationships with employees, suppliers and local manufacturers. We are here to share all of our knowledge and experience with those with whom we work side by side. We are involved in social responsibility projects in the community in which we operate, because we are not just a retail business, we are a big Kaufland family,” said Marco Hößl. As noted, since 2016, Kaufland has invested more than 85 million euros in its development in Moldova. Earlier it was reported that Kaufland plans to open its first 2 stores in Moldova in this fiscal year (March 2019 - February 2020). It was said that the first Kaufland store in Moldova is scheduled to open in the summer of 2019. The store with an area of 4,600 square meters is located in the metropolitan sector of Botanica, behind the building of the Elat shopping center. Initially, Kaufland planned to open 3 stores in Chisinau, and later another 6 stores in other cities of our country, but the new business plan of the company involves the construction of 20 stores in Moldova and 1 own logistics center in 10 years. The volume of planned investments is more than 300 million euros, and the number of jobs will exceed 2 thousand. Kaufland is one of the largest European retail chains operating in the discounter format, which is part of the German concern Schwarz-Gruppe, which also includes other well-known networks such as Lidl and KaufMarkt stores. Kaufland has more than 1,270 stores in Germany, the Czech Republic, Slovakia, Poland, Croatia, Bulgaria and Romania. // 30.07.2019 - InfoMarket.