Austria's SPAR wants in Serbian market

Austria's SPAR Group has expressed interest in building malls and hypermarkets in Serbia.

Izvor: B92

Monday, 14.01.2008.

13:28

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Austria's SPAR Group has expressed interest in building malls and hypermarkets in Serbia. Minister of Trade and Services Predrag Bubalo has confirmed for the media that he held talks with one of the SPAR owners, Markus Wild, and this group's investments chief, Reinhold Skamen. Austria's SPAR wants in Serbian market Bubalo says his interlocutors told him they were interested in opening shopping malls and hypermarkets in smaller towns, rather than only in the big cities, as is currently the case with most retail chains operating in the Serbian market. He reminded that SPAR is a company present in almost all of the former Yugoslav republics and some of Serbia's neighbors, and that this rendered their interest in investing here logical. "I am exceptionally pleased with their huge interest to arrive in our market and increase competition, precisely with the goal of protecting our consumers' interests, since everyone wins with better competition," Bubalo said. "In short, there is readiness and there is money for Greenfield investments, they have made their decision, it is up to us now to show efficiency and to welcome them, in every segment, starting with providing adequate sites, and necessary building permits," the minister from the ranks of the Democratic Party of Serbia (DSS) explained. SPAR is Austria's leading supermarket chain, with over 1,000 stores in that country, 500 in Italy, and approximately 280 in Slovenia, Hungary, the Czech Republic and Croatia. The company employs some 25,000 workers.

Austria's SPAR wants in Serbian market

Bubalo says his interlocutors told him they were interested in opening shopping malls and hypermarkets in smaller towns, rather than only in the big cities, as is currently the case with most retail chains operating in the Serbian market.

He reminded that SPAR is a company present in almost all of the former Yugoslav republics and some of Serbia's neighbors, and that this rendered their interest in investing here logical.

"I am exceptionally pleased with their huge interest to arrive in our market and increase competition, precisely with the goal of protecting our consumers' interests, since everyone wins with better competition," Bubalo said.

"In short, there is readiness and there is money for Greenfield investments, they have made their decision, it is up to us now to show efficiency and to welcome them, in every segment, starting with providing adequate sites, and necessary building permits," the minister from the ranks of the Democratic Party of Serbia (DSS)

explained.

SPAR is Austria's leading supermarket chain, with over 1,000 stores in that country, 500 in Italy, and approximately 280 in Slovenia, Hungary, the Czech Republic and Croatia. The company employs some 25,000 workers.

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