CLOSEDOWN
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Eugen Paturan Abandons Bata Franchise, Closes Down Last 3 Stores
Footwear brand Bata exits Romania after almost two decades. The franchisee, entrepreneur Eugen Paturan, has recently closed down the last three stores.
Nestle To Shut Down Its Romanian Factory
Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the western city of Timisoara, by the end of May 2019, accor...
Alpha Bank Closes Down Three Units For Territorial Optimization
Alpha Bank, ranking 8th in the Romanian banking system, closed down three of its units in Resita, Miercurea Ciuc and Arad, as part of territorial optimization plans.
Daewoo-Mangalia Shipyard May Be Closed Down By Majority Stockholder
Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, may be closed down on record high losses worth $2.5 billion posted by its majority stockholder, Korean group D...
Nokia Keeps Romanian Plant Open Until Yearend, Pays Employees Until March 2012
Nokia’s plant in Jucu, Romania, will stay open until the end of the year and employees will continue to receive wages until the end of March 2012, employees were told Thursday after the Finn...