• croatiantimes.com
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

Today

• Vienna - Johnny\'s Pub Quiz
• Vienna - Unknown Underground
• Vienna - Cats
• Vienna - Andy Warhol
• Vienna - Laser Tag

© europics.at

15. 03. 10. - 15:00

• more Business news
• RSS Feed Business

15. 03. 10. - 15:00

SES to build shopping centre in Ljubljana

SES European Shopping Centers, a subsidiary of the Austrian Spar Group, will build a shopping centre in Slovene capital Ljubljana, it was announced today (Mon).

SES chief Marcus Wild confirmed a report by business newspaper WirtschaftsBlatt claiming that it would invest 100 million Euros.

Construction will begin at the beginning of 2011 and end in September 2012.

The centre in the north-west Siska section of the city will have 90 stores covering an area of 38,000 square metres, of which 6,000 will be public areas including a library and a kindergarten, and employ 700 people.

Wild said that 50 per cent of the centre’s area had already been rented, including to Spar subsidiaries Interspar and Hervis.

He said the timing was right despite the recession: "It is clearly an anti-cyclical investment. We will stimulate the construction industry, which is in need of business. There is no better location in the city. The Slovene market for international retailers will be very interesting in two years."

He added that SES had had to wait for eight years after proposing construction of the centre because of red tape.

Ljubljana Mayor Zoran Jankovic said the city would be among European leaders in per capita square metres of shopping centres.

He had tried to prevent SES from getting permission to build the centre when he was head of rival Mercator a few years ago, but has fully supported the project as mayor.

SES has 23 shopping centres in five countries and considers itself market leader in Austria and Slovenia. It has four centres in Slovenia, two in Ljubljana and one each in Maribor and Celje.

Spar Austria recently announced expansion plans for this year after seeing its 2009 turnover jump by 3.5 per cent year on year.

Spar Austria chief executive Gerhard Drexel said last month the company’s turnover had soared by 3.5 per cent to 9.8 billion Euros last year compared to 2008.

He added overall turnover reached 11.2 billion Euros if its internationally operating SES Spar European Shopping Center group’s businesses were included in the statistics.

But he also pointed out that the past year had been tough: "The foodstuffs and supermarket industry is not as dependent on the state of the economy as other sectors. The last year was nevertheless a difficult one."

Drexel said economic developments would not keep Spar Austria from making investments this year.

"We will brave the economic crisis and invest around 450 million Euros in Austria and our foreign branches in 2010," he said, adding that the focus was on expansion and modernisation of existing supermarkets.

Austrian Times

Related articles: EU

1. Austrian economy recovers, says OECD

   » Business 2012-05-23

   The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD).

2. AUA rules out Whitsun travel chaos

   » Business 2012-05-23

   The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.

3. Weak start for RWR Card

   » Business 2012-05-23

   People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).

more related articles tagged "EU"

Related articles: CEE news

1. AUA rules out Whitsun travel chaos

   » Business 2012-05-23

   The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.

2. Weak start for RWR Card

   » Business 2012-05-23

   People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).

3. Austrians concerned about EU unemployment

   » Business 2012-05-18

   Joblessness is what worries Austrians the most, a poll regarding European issues shows.

more related articles tagged "CEE news"

Related articles: business boom

1. Austrian economy recovers, says OECD

   » Business 2012-05-23

   The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD).

2. Economy evades recession

   » Business 2012-05-17

   The Austrian economy keeps recovering, according to the Institute for Economic Research (WIFO).

3. Post AG turnover up by six per cent

   » Business 2012-05-17

   Austrian postal services company Post AG has managed to increase its turnover and earnings.

more related articles tagged "business boom"

AUA rules out Whitsun travel chaos
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.

Weak start for RWR Card
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).

Pröll outpaces friends and foes in capability check
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.

Foul-mouthed MPs might face fines
Fritz Neugebauer has started another attempt to introduce a system of fees for abusive parliament delegates (MPs).

Car sharers should get cheap U-Bahn tickets say greens
People who support the environment by signing up for car sharing initiatives to cut down inner city congestion should get subsidised public transport.

Film festivals in Vienna
There are two film festivals back to back in Vienna this May and June. The "Let's CEE Film Festival" shows films from Central and Eastern Europe, while the "Vienna Independent Shorts" focuses on short films.

Salzburg builds new prison
Salzburg is to get a new prison.

Postwoman killed by express train
An 32-year-old postwoman was killed instantly when she apparently failed to see a stop sign on a train track - and was hit by a 120 kph express train at the Grimmenstein sortage depot in the Lower Austrian region of Neunkirchen.

Dirty water caused by excrement
Health experts are struggling to find the source of excrement that has contaminated water supplies at the town of Köstendorf in Salzburg province.

Man Utd chase Austrian ace
Manchester United have signalised interest in David Alaba.

Jobs in Austria