EMCC European Monitoring Centre on Change

TK Development

Company/Organisation:
TK Development

Geographic Location

Country: Bulgaria
Region: Pleven; Severen tsentralen; Severna Bulgaria
Location of affected unit(s): Pleven

Company

Sector: Construction
Construction
41 - Construction of buildings

Employment Effects

Announcement Date: 16-04-2007
Type of Restructuring: Business expansion
Planned Job Creation: 1000

Additional Information

The Danish company TK Development is willing to invest 50 million EUR in the setting up of a shopping mall in Pleven. High ranking company officials met with Pleven deputy mayor Valentin Mateev and vowed to create 1,000 new working places in the town. The company has chosen Pleven for its investment on the basis of economic surveys showing optimistic results about the town's future development. Pleven is among the first Bulgarian municipalities contacted from the Danish firm for its activities, said Mrs Kostadinova from the Public relations department of the municipality. TK Development is the biggest Danish building company and is presented in nine countries in Northern and Eastern Europe. Two among its biggest share-holders are Skandinaviska Enskilda Banken and Morgan Stanley and Co. International Limited.