Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

RO electro-IT retailer Altex gets EBRD financing for logistics centre’s expansion

Romanian electro-IT retailer Altex will borrow EUR 12 mln from the European Bank for Reconstruction and Development (EBRD) to expand its logistics center in Dragomiresti Vale near Bucharest.

The loan, with a maturity of 8 years, plus a one-year grace period, will be used to finance/refinance up to 70.5% of the costs related to the construction of a greenfield logistics center with a total area of 37,144 meters square (sqm), located in the commune of Dragomirești Vale near Bucharest, according to an EBRD statement.

The total cost of the project is EUR 17 mln. The retailer will finance the difference from its own funds.

In October 2018, Altex bought a plot of land of about 15 hectares in Dragomiresti Vale to develop, in two stages, a logistics center with a total area of approximately 90,000 sqm under an investment estimated at over EUR 37 mln.

The first stage of the project was 80% financed by EximBank.

Altex is the largest electro-IT retailer in Romania, with a market share of about 30% and a network of 125 stores. Its turnover passed RON 4 bln (EUR 840 mln) in 2019. The company's owner is local entrepreneur Dan Ostahie.

(Photo: Pixabay)

andrei@romania-insider.com

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

RO electro-IT retailer Altex gets EBRD financing for logistics centre’s expansion

Romanian electro-IT retailer Altex will borrow EUR 12 mln from the European Bank for Reconstruction and Development (EBRD) to expand its logistics center in Dragomiresti Vale near Bucharest.

The loan, with a maturity of 8 years, plus a one-year grace period, will be used to finance/refinance up to 70.5% of the costs related to the construction of a greenfield logistics center with a total area of 37,144 meters square (sqm), located in the commune of Dragomirești Vale near Bucharest, according to an EBRD statement.

The total cost of the project is EUR 17 mln. The retailer will finance the difference from its own funds.

In October 2018, Altex bought a plot of land of about 15 hectares in Dragomiresti Vale to develop, in two stages, a logistics center with a total area of approximately 90,000 sqm under an investment estimated at over EUR 37 mln.

The first stage of the project was 80% financed by EximBank.

Altex is the largest electro-IT retailer in Romania, with a market share of about 30% and a network of 125 stores. Its turnover passed RON 4 bln (EUR 840 mln) in 2019. The company's owner is local entrepreneur Dan Ostahie.

(Photo: Pixabay)

andrei@romania-insider.com

Normal
 

Help us improve Romania Insider for you