ECONOMY

Public set to broaden its horizons

Retailer Public plans to invest 50 million euros up until 2012 in opening new stores in Greece and abroad, the company said yesterday. The retailer, whose product range includes books, computers and games, will pour 10 million euros this year into five new stores that will create 150 job positions, according to Public’s general manager, Robby Bourlas. In Greece, the company is planning to open new branches in Ioannina and Piraeus. Plans for 2010 include expanding its branch network in Thessaloniki, Larissa and Patras with another two stores scheduled for the Bulgarian cities of Sofia and Burgas. In early June, Public opened its second store in Cyprus as part of plans to operate a 20-branch network by 2012 in Greece and the Balkans. The new branch was opened in the Tiffany Shopping Mall in Limassol after Public had opened its first Cypriot store in Nicosia in May. The Limassol store, Public’s fifth branch, cost 2 million euros and covers 2,000 square meters.