Altex revises estimated turnover down by 30m euros - Azi

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Altex, the largest electronics and home appliances retailer on the local market, has downwardly revised its estimates for this year"s turnover to 400 million euros, after, at the beginning of 2008, the company forecast turnover worth 430 million euros, up 37%.

"The revision comes as a result of the new provisions made by the NBR (National Bank of Romania) on limiting the credit risk, and amid the European financial crisis, which has already had a negative impact on the majority of countries and...

Read the whole story in: Ziarul Financiar