Metro to invest 15m euros in Suceava

Metro Cash & Carry started building its 16th cash & carry store that will open this year in Romania. “The store will open in Suceava in October and will trigger investments worth 15 million euros,” Metro Cash & Carry Romania officials said. Metro estimates to post turnover worth 700 million euros in Romania this year, up 100 million euros since last year. The German group originally intended to open 10 stores. In 1998, two years after the company’s entry on the Romanian market, four stores had been opened and the target went up to 20 stores by the end of 2004. ZF