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11

Dec

Cinema City opens second multiplex in Romania. Plans to open 6 more multiplexes in the country in 2008

 

In the presence of the president of the city, city officials, film distributors and hundreds of guests CCI opened its second project in Romania in the city of Timisoara.
 
The new multiplex has 7 screens and 970 seats.
 
The city of Timisoara is one of the big and famous cities in Romania with a population of 315k people.  The project is a part of the biggest mall in the city and is the first and only multiplex in the city.
 
I am very proud in our team that within two weeks accomplished two openings in a row, this done in a new territory shows the ability to perform of CCI.  I am happy with the warm welcome our first opening in Iasi received and I am confident that in Timisoara it will be the same “said Moshe J. Greidinger, CEO of Cinema City, the largest operator of multiplex cinemas in Central & Eastern Europe and in Israel.
 
Mr Greidinger also added that these are the first steps in gaining the leading position in the Romanian market as well as strengthening CCI leading position in all countries of operations.
 
In the first half of 2008 Cinema City plans to open 3 new multiplexes, in the cities of Cluj and Braila (10 screens each) and Bacau (8 screens). In 2008 as a whole the company intends to open a total of 6 new multiplexes, including the first of 5 planned for Bucharest, with 15 screens.
 
Romania is Cinema City’s sixth country of operations (after Poland, the Czech Republic, Hungary, Bulgaria and Israel).The company operates 62 multiplexes (including cinema in Timisoara) with a total of 515 screens.