Last year, Staer posted a turnover of 98.7 mln lei (26.8 mln euros), down 12% from 101.6 mln lei (30.44 mln euros).

“This year we plan on boosting production at Galati-based facility. By yearend, the own products are expected to account for 85% of the company’s portfolio”, said Claudiu Buduruta.

Thus, the company will import in 2009 from Germany, Denmark, Malaysia, China or Greece nearly 15% of products, down 50% from a year earlier.

In February this year, Staer opened a new showroom in Brasov that covers approximately 4,000 square meters, By end-2009, the retailer said it would open four more branches in Braila, Targu Mures, Bacau and Focsani. The total investment is expected to top 2 mln euros.