Delta to open 33 new stores in Serbia

Delta Holding's retail unit, Delta Maxi, is set to expand in the country and abroad. By the end of the year Serbian Delta Maxi plans to open 10 new supermarkets in Bulgaria, as part of its regional expansion campaign, The group also plans open 10 new commercial sites in Serbia, eight in Montenegro and five in Bosnia and Herzegovina.

Dragan Filipovic, the retail chain's general director, said that the company is also speeding up its search for supermarket locations in Albania, Macedonia, and Ukraine. Delta Maxi bought a majority stake in Bulgarian retail chain Piccadilly last year, at which point its CEO Dragan Filipovic said the company would invest 70 million euro in Bulgaria over the next two years. This makes the company the fastest growing retail chain in the region.

In Serbia, Delta Maxi dominates the market with more than 360 supermarkets and stores countrywide. Delta Maxi has to date invested some €120 million in takeover of regional chains. The company's financial report for 2007 indicates revenues close to €900 million.