Its strategy is backed both from own funds and from other financing sources the company seeks to spot in the coming period.
ALTEX Romania CEO Dan Ostahie thinks that both the magnitude of the recession and the capacity of recovery depend on authorities’ firm and quick reaction, on the measures they will take for supporting and funding the sectors affected, on curbing unemployment and stimulating private investments.
The retailer has already started construction works on its new stores, which will be inaugurated in Chiajna, Lugoj and Deva, respectively, following total investments estimated at nearly EUR9 million.
Altex is also moving ahead with construction works on two new stores to be inaugurated in Resita and Campina, respectively, which are due for completion in the first quarter of 2021 at the latest. Investments in the two new stores are estimated at almost EUR4.5 million.
ALTEX Romania has also decided to expand its logistics center in Dragomiresti by over 37,000 square meters, within investments estimated at nearly EUR13.5 million.