Tue, Feb 09 2010

LARGEST ROMANIA'S ELECTRONIC COMPANY ENTERS BULGARIA

Thu, Aug 30 2007 13:46 CET 412 Views

The Romanian electronics producer Altex, which is considered the largest one in the country, plans to enter the Bulgarian market in 2008.

The company started working on its expansion in the Bulgarian market in 2005, but temporarily froze its plans due to problems with its performance in Romania, Romanian newspaper Ziarul Financiar reported as quoted by investor.bg.

Currently, the company is working on an investment project worth 20 million euro. As a result of this, its total area of trade sites in Romania will reach 100 000 sq m.

Altex has 90 stores in Romania's largest cities. In Bucharest alone there are ten stores. The company previously announced its plans to enter the Serbian market as well.

Another Romanian company that focuses on furniture sales, Mobexpert, already operates in Bulgarian territory. The company announced in June 2007 that it was going to invest six million euro in a new store in Sofia's residential district of Lyulin.

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