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Fotex to re-open internet store today

Fotex Rt, a Hungarian retailer, will reopen its web-based store today, Világgazdaság said, citing Péter Porkoláb, the unit's managing director. The portal, which was shut down last year, will allow users to shop at 40 stores displayed on the Fotexnet site. The shops will pay Fotex a monthly “rent” for the online presence, Porkoláb said. Fotex is targeting more small and medium-sized businesses to advertise on its website. Fotexnet will take care of the site's logistics, while companies offering their products through Fotexnet are in charge of storage and delivery of goods, Porkoláb said.