Real invests 200m dollars to expand

Real Hypermarket will invest over 198 million dollars (159 million euros) in the upcoming period to build hypermarkets in Bucharest, Otopeni, Constanta, Iasi, Oradea, Brasov, Sibiu and Craiova, according to data from the Romanian Agency for Foreign Investments (ARIS). Real Hypermarket opened its second store in Romania in Constanta two weeks ago, with the first outlet being located in Timisoara. Investments in the two hypermarkets totalled 27 million euros. Real Hypermarket Romania is the sales division of the Metro group. The network owns 328 stores internationally, 288 of which are located in Germany, 30 in Poland, 7 in Turkey and 3 in Russia. The project of the hypermarket operator is one of the biggest investments with a significant impact on the economy (it exceeds one million euros) since the beginning of this year. According to ARIS, 49 investment projects worth over 673 million dollars (542 million euros) were recorded in the first six months of the year.