BUCHAREST (Romania), April 21 (SeeNews) – Romanian IT&C and electronics retailer Altex will open a new store in the eastern town of Husi on April 22 following a 3 million euro ($3.6 million) investment, it said on Wednesday.
The 1,300 sq m store will offer over 30,000 products, Altex said in a press release.
The opening is part of a massive expansion plan announced by Altex in June. Under the plan, the company intends to invest over 27 million euro this year to expand and modernise its network of stores and logistics centers.
Earlier this month, Altex opened a new store in the western town of Hateg following a 500,000 euro investment.
Altex employs over 4,000 in its 131 stores across Romania under the brands Altex and Media Galaxy. It also operates two online stores.
At the beginning of October, the European Bank for Reconstruction and Development approved a 12 million euro loan to Altex to finance up to 70.5% of the cost of a logistics centre in Dragomiresti Vale, Ilfov county.
($=0.8294 euro)
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