7 Malls under Construction in Bulgaria's Ruse over Romanian Shopping Spree

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7 Malls under Construction in Bulgaria's Ruse over Romanian Shopping Spree

Friday, Jul 25, 2008

Investors have started building seven malls in Bulgaria's Danube town of Ruse, targeting the 2 million Romanians who visit Bulgaria every year and often enjoy shopping sprees in the border town.
Currently, there are no malls in Ruse but in the upcoming years three of them will be finished, Makler LTD representative Aleksandar Yordanov said in an interview with HotNews.ro.
Yordanov declared that there are mainly Israeli investors who planned to build the malls mainly for the Romanians transiting Bulgaria. Moreover, many Romanians shop in Ruse monthly, saying prices in Bulgaria are 40% lower than those in Romania.
Israeli investors plan to invest some 85 million euro to attract Romanian clients. At least two of the planned seven malls will be finished by 2010 and the total destined commercial space is 35,000 sq. meters.

Source: Sofia News Agency

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