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IKEA to enter Bulgarian market in 2009

Date: 07.11.2007

Swiss hypermarket range IKEA may open its first shop in Bulgaria in 2009.

Greek group Fourlis negotiated a terrain in Sofia, where the hypermarket would be built.

Fourlis planned to open two IKEA hypermarkets in Greece by 2010.

In mid-2007, IKEA announced that it planned to enter the Serbian market. The company opened its first hypermarket in Romania in the beginning of the year.

IKEA expected consolidated sales worth 600 million euro and profits of 50 million euro for 2007.

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