Studium Green, a developer controlled by Cluj entrepreneur Dorin Bob, has sold land plots totalling 157,000 square meters in Jilava to Altex group and Austrian furniture retailer mömax (XXXLutz) in a deal valued at over EUR17 million.
Altex, Romania’s largest electro-IT retailer, held by entrepreneur Dan Ostahie, will be opening a store in Cometex Retail Parks, in the town of Caracal (Olt County), on Feb. 13, reaching a local chain of over 130 units.
Altex, Romania’s largest electro-IT retailer, has opened eight stores this year and continues local expansion. The company now has 135 stores in Romania’s main cities.
Dan Ostahie, founder of computer and electronics retailer Altex, says the company will function on two budgets next year, one built on flat turnover, the second on 15% growth.
Altex, the biggest electro-IT retailer in Romania, will be opening a store of 3,400 square meters in Chiajna commune (Ilfov County), on November 12, in its own space, following an investment of EUR10 million.