The new store employs 15 people.

Flanco Retail registered sales of EUR137 million in 2012, up 25% on the year. The retailer expects its sales to climb 15% in 2013.

Flanco Retail operates the business of former Flanco International. It is controlled by firm The Retail Network SRL, which is 99%-owned by Romanian businessman Iulian Stanciu.

AFI Palace Ploiesti was inaugurated Thursday following an investment of approximately EUR50 million.