Discounter Lidl is planning to invest 40 million euros in its Croatian unit during 2016, following an investment of 35 million euros this year.

Speaking at a press conference, the CEO of Lidl Hrvatska, Boris Lukšić, said that this year's performance is on course to be better than last year, but he did not reveal any specific figures.

The retailer plans to continue opening new stores in Croatia, with two new outlets to be opened in Zaprešić and Zagreb by the end of the month, bringing the total to 88. However, Lidl does not expect to surpass the 100-store mark in 2016.

Separately, in an interview for German financial daily Handelsblatt, the CEO of Lidl, Sven Siedel, announced that the company plans to create its first stores in Serbia during 2016.

Source: www.esmmagazine.com