The market is currently below 1 billion euros, with the IT&C segment representing 25 percent. By comparison, markets in Hungary and the Czech Republic stand at a-more-stable 1.4 billion euros, paving the way for yearly increases of 3-5 percent.
Sales in Romania exceed those in Hungary, Flamingo executive director Jiri Rizek said. Yet, the value of sales is higher in the two central European countries, he added. Still, the IT&C market in Romania has great development potential, Rizek underlined.
Flamingo International group operates retail and distribution activities for IT&C, electronic and home appliance products under the Flanco World, Flamingo Computers and Flanco brands. The company targets the opening of 10 Flanco World stores this year. The company has been listed on the Bucharest Stock Exchange since June 2005.
Source: Newsin
