You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

German retailer Kaufland plans to expand to Moldova

Author Mario Tanev
German retailer Kaufland plans to expand to Moldova Author: Kaufland Hrvatska. License: All rights reserved.

CHISINAU (Moldova), January 11 (SeeNews) - German retailer Kaufland said it plans to expand to Moldova, creating about a thousand new jobs.

"Today, we are one of the most important retailers in the European market and plan to expand into the Republic of Moldova and Australia," Patrick Kaudewitz, CEO of Kaufland, said in a statement on Wednesday.

The gross minimum wage offered to an employee in Moldova will be 7,500  lei ($438,670/364,440 euro), the company said in a separate statement, posted on the Moldovan version of its website.

In Southeast Europe, Kaufland currently operates in Bulgaria, Croatia and Romania.

Kaufland is part of the Schwarz Gruppe, which also owns retail-chain Lidl.

(1 euro = 20.5793 lei)