The chain currently has 17 hypermarkets in 16 cities and employs 1,700 people.
Kolev also said the company's investments totaled 160 mln leva (81.806 mln euros) at end of 2007. “Each year we invest some 20 mln leva (10.225 mln euros),” he added.
According to preliminary data, Technopilis's turnover last year came to 325 mln leva (166 mln euros), which is 31% above 2006.
“We are financing our activity primarily by reinvesting and via bank credits, for which we are given excellent conditions by the banks” he added.
“We don't need a bourse listing at this stage,” Kolev said.