CLOSURE
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Inditex Group Closes Bershka and Pull&Bear Stores in Unirea Shopping Center
Spain’s fashion group Inditex, which operates via eight brands in Romania, has closed the Bershka and Pull & Bear stores on the ground floor of the Unirea Shopping Center in downtown Buchare...
139 Branches Closed in Romania’s Banking System in Jan-Sept
Banks operating in Romania had 3,879 branches and offices, while the number of employees went down to 52,757 in the first nine months, Romania’s central bank data show.
All Malls In Romania Closed For First Time Ever
The major shopping centers closed on Monday, after the authorities issued a decree over the weekend requiring them to do so, in order to contain the spread of the coronavirus since they are...
Second Failure of Mulliez Family in Romania: Car Par Parts Retailer Norauto Closes
Car parts and other automotive product retail chain Norauto, held by the French Mulliez family, is leaving Romania after having closed all its stores, ZF has found.
Romania Allots RON52M For Closure Of Uncompetitive Coal Mines
The Romanian Government has assigned over RON52.765 million, as state aid, to facilitate the closure of uncompetitive coal mines Petrila, Paroseni and Uricani within coal mining company Comp...
Made in Romania Becomes Made in Vietnam
Romania, one of the leading manufacturers of apparel and footwear in Europe and even in the world, has become too expensive a destination for some actors in the industry, even though the ave...
Underwear Manufacturer Hanes Global Supply Chain Romania Closes Arad Plant
Hanes Global Supply Chain Romania, formerly Rosko Textil, has closed the plant it had in Arad-Curtici Free Trade Zone, market sources say.
Footwear Manufacturer Rieker Set to Close Romanian Plants
Swiss-held footwear manufacturer Rieker closes plants in Romania will cease manufacturing operations in Romania and will close the plants in Lugoj, Timis, this spring, the territorial office...
Automotive Component Plants Show First Signs of Weakness: Layoffs and Fewer People Hired
The difficult situation of the major automakers in Germany, the main customers of the automotive component plants in Romania is making an impact on the automotive component industry: SEWS (w...