Spectator on facebook

Spectator on facebook

Obi may soon replace Baumax

THE GERMAN DIY retailer Obi may soon take over the network of hobby markets Baumax, the Austrian website DiePresse.com reported.

(Source: TASR)

The retailer allegedly wants to rent dozens of shops, not only in Slovakia, but also in Austria, the Czech Republic and Slovenia. However, it does not plan big layoffs, the Sme daily wrote on its website.

Baumax has announced some time ago that it will withdraw from the Slovak market as part of the restructuring process. Currently it has 14 shops in the country whose value amounts to some €100 million, Sme wrote.

Obi will discuss a possible take over of Baumax’s with the European Commission in the coming days, the Aktuality.sk website wrote. The EC should check whether such a step will not result in a dominant position of the German group in the market.

Without its approval it cannot come to Slovakia.

Top stories

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project