BUCHAREST (Romania), April 14 (SeeNews) – Romanian IT&C and electronics retailer Altex said on Wednesday it is opening a new store in the western town of Hateg on April 15 following a 500,000 euro ($594,979) investment.
The 1,300 sq m store will offer over 30,000 products, Altex said in a press release.
The opening is part of a massive expansion plan announced by Altex in June. The retailer said at the time that it intends to invest over 27 million euro this year to expand and modernise its network of stores and logistics centers.
Altex employs over 4,000 in its 131 stores across Romania under the brands Altex and Media Galaxy. It also operates two online stores.
At the beginning of October, the European Bank for Reconstruction and Development approved a 12 million euro loan to Altex to finance up to 70.5% of the cost of a logistics centre in Dragomiresti Vale, Ilfov county.
($=0.8404 euro)
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