June 21 (SeeNews) - Food retailer REWE said on Friday it has opened a new Penny Market store in southern Romania.
Located in the town of Ploiesti in Prahova county, the store spreads on an area of 793 sq m and employs 14 people, REWE said in a press release.
Following the opening of the new store, REWE has 239 Penny supermarkets in Romania and 4,500 employees.
In April, REWE said it plans to invest over 2.32 billion lei ($550 million/487 million euro) in its Penny Market network in Romanian over the next seven years. REWE plans to open 20-25 stores annually, aiming to expand its network to 400 Penny Market stores by the end of 2025.
In the coming years, REWE plans to open its fourth logistics centre in Oltenia region, as well as to modernise and streamline the network of existing stores.
German-based REWE Group has been present in Romania since 2005.
(1 euro=4.7287 lei)