Its main sales drivers in the first four months were television sets and small household appliances, which posted growths of more than 30%.

Flanco estimates the market grew 13% in January-April.

The company plans to invest RON8 million this year and invested RON3 million in January-April.

Company CEO Dragos Sirbu said 25% of total sales were under payment plans and online sales doubled compared to the same period last year.

Flanco is set to open its 90th store this month, in the Mega Mall shopping center in Bucharest.

Flanco had a turnover of over EUR150 million last year and its net profit grew 61% compared to 2013.

Flanco is fully owned by businessman Iulian Stanciu, who also owns a 25% stake in Dante International, which owns eMAG.ro.

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