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Ikea To Redirect Investments From Poland To Bulgaria Or Romania

Swedish IKEA furniture retailer has threatened to freeze the investments in Poland and redirect them to Bulgaria or Romania, Polish Puls Biznesu business daily reported, quoted by Sofia Echo.

The company became angry by legislative limitations regarding the operation of large commercial sites.

Sofia Echo explains that Poland introduced legal changes, which narrowed the range of opportunities for their operations and curbed investments in the field.

The investments are on the amount of 300 million EUR and are to give 3,000 work positions.

IKEA had intentions to open eight new stores and malls in Poland each worth 200 million EUR.

As we already informed you IKEA plans to build three hypermarkets in Bulgaria. They are foreseen to start operating in 2009 and 2011.