Altex has invested over EUR1 million in its new store.
“Altex continues its national expansion strategy in the current context because investments drive the economy particularly in difficult times. Moreover, Brasov is a growing city and we are opening a new store here to meet growing demand for technology and innovation,” said Edvin Abdulachim, commercial manager at Altex.
This is the second store the retailer operates in Brasov.
Altex has over 120 stores in Romania under the brands Altex and Media Galaxy and two online stores, one for each brand. The retailer had a turnover of RON4 billion in 2019, up nearly 15% on the year, and a net profit of over RON75 million, up 19% on the year.
Developer AFI Europe officially opens the AFI Brasov mixed-use project on October 21. The project has a lettable area of 45,000 sqm and consists of two office buildings and a retail center. The total investment in the project, which includes the shopping center and the first office building, amounts to some EUR148 million.