Cora Romania plans to invest EUR397 million in the opening of stores on the Romanian market, according to the project summary posted on EBRD’s website.
Most of the stores will be opened in regional cities.
This is the largest loan granted to a Romanian retailer in the last few years. In 2009, the EBRD lent EUR150 million to Kaufland for its expansion in Romania and Bulgaria.
Cora has recently said it plans to open 20 to 25 stores until 2015.
(English version by Daniela Stoican)