04.06.2018

The local luxury fashion market is going through a new time of reconfiguration, with a series of store openings and closures by big names with several years of presence in Romania. more

03.21.2018

Adidas, one of the largest sporting goods manufacturers in the world, closed the store it opened in Bucharest’s Old Town seven years ago, without commenting on the decision. The few retailers more

02.19.2018

UK’s Kingfisher will keep 23 Praktiker stores in Romania and does not plan to close any more, after having recently announced it would close three, in Focsani, Bacau and Ploiesti, due to cease more

01.19.2018

Romania’s sugar production will rely on only three plants as of this spring - Agrana, Bod and Tereos, as Germany’s Pfeifer & Langen decided to close the Zaharul Oradea plant by May 2018. more

07.07.2017

The PSD (Social Democrat Party) government’s intention to raise the minimum wage by 38% as of next year (from 1,450 lei or EUR316 to 2,000 lei per month in gross amount) is seen differently by the more

03.28.2017

Draexlmaier, one of the largest German investors in Romania, which has more than 15,000 employees in the country at the moment, has announced it will close the production faiclity in Pitesti, which more

03.17.2017

The lack of parking spots, insufficient pedestrian traffic and unrealistic rents are the reasons that made Romanian fashion manufacturer and retailer Nissa close its flagship store in Piata Romana in more

03.07.2017

Alison Hayes, the largest textile manufacturer in Romania by revenue in 2015, has decided to close its plant in Urziceni, southern Romania, which is currently employing 350 people. more

05.26.2016

US-held Intel will close its software development center in Bucharest that it opened in 2010 and employed about 200 programmers, ZF has found. more

02.08.2016

UK’s pharmaceutical group GSK finally closed the Europharm plant in Brasov County, central Romania, last year, completing the implementation a plan it had devised for the facility years ago. more

08.13.2015

Neither the significant improvement of the refining margins nor the rebound in oil product demand can change the fate of Arpechim, the third largest oil refinery by capacity in Romania held by OMV more

06.18.2014

No Romanian entrepreneur has the financial strength to buy a EUR100 million plant, while the lack of funding and a business environment that is unfriendly to Romanian investors prevent them from more

02.04.2014

The Romanian government Tuesday said it plans to disburse a new 174 million lei (EUR39 million) subsidy in 2014 for the state-run mine closing company Societatea Nationala de Inchideri Mine Valea more

01.10.2014

French Lactalis group, one of the world leading dairy industry groups, which bought the LaDorna business in Romania in 2008, closed three plants that made butter and yellow cheese in Suceava and Neamt more

07.08.2013

FrieslandCampina Romania, the local division of Dutch group FrieslandCampina, said it has closed its plants over the past years because they were used “way below capacity and were technologically more

11.06.2012

Italy’s financial group UniCredit will shut down its Romanian brokerage unit UniCredit CAIB Securities, most likely by the end of the year, the Romanian firm said Tuesday. more

03.05.2012

As of March 25, all 70 flights operated from the Baneasa Airport will move to the Otopeni Airport. What will happen to the 200 hectares of airport land worth one billion euros? more

06.16.2011

The Romanian Government on Thursday decided to start procedures to close a part of the country’s railway network managed by the Transport Ministry, people close to the matter told MEDIAFAX Thursday. more