Romanian company Flamingo International boosted its sales of LCD TV sets by 400% in the first eight months of 20087, according to data the company published on Monday.
Flamingo officials argue that by the end of this year, the sales on this segment will grow by at least 3 or 4 times as compared to last year’s data.
The growth was stimulated by the price decrease at the beginning of the year, especially for products imported from the EU for which taxes were eliminated.
Moreover, the increase is due to the change of the consumer’s behavior in Romania and the company’s orientation to improve, CEO Flamingo International Jiri Rizek says.
