The retailer estimates it will invest over EUR27 million this year to expand its network, modernize infrastructure and update technology, creating over 1,000 new jobs, said Edvin Abdulachim, Altex commercial director.

By the end of the year, Altex expects to open three more stores and expand its logistics center in by over 37,000 sqm.

Altex currently has a network of 125 stores.