Nicosia / CY. (zrp) Cyprus´ leading bakery chain, A. Zorbas + Sons Public Ltd. intends to expand its branch network into Romania, with the opening of up to five new bakeries-confectioneries. The cost of the investment is estimated at three million Euro. Additionally, in its effort to increase its local market share (currently standing at 35 percent), the company aims to add three new retail shops within 2008 to its existing 50 retail branch network. Long term, additional revenues will reach 1,5 million Euro with an additional net profit of 200.000 to 300.000 Euro annually (source).
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