Flanco plans to open three more stores in this part of the country in the next period.
The new store is an investment of more than RON3.2 million (stock included) and will employ 20 people. The retailer estimates 700,000 people will visit the store in the first year. The unit has an area of 1,000 square meters.
Flanco is one of the largest local retailers of electronics and household appliances.
Palas Mall Iasi is part of a multifunctional center to be launched Thursday by Iulius Group, controlled by businessman Iulian Dascalu. (EUR1=RON4.4639)