CLOSURE
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Intel Closes Software Development Center In Bucharest
US-held Intel will close its software development center in Bucharest that it opened in 2010 and employed about 200 programmers, ZF has found.
End Of The Road For GSK’s Europharm Plant
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.
Fuel Demand Rebound And Good Refining Margins Won’t Change Arpechim’s Fate
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...
Why Romanian Plants Cannot Be Saved From Closing
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...
Romania To Grant RON174M State Aid In 2014 For Coal Mine Closure Scheme
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...
FrieslandCampina Romania Explains Why It Closed Its Local Production Units
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 technologi...
UniCredit CAIB Securities To Shut Down By Year-end
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.
Closure Of Baneasa Airport Reveals EUR1B Real Estate Treasure
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?
Romania To Close Part Of Public Railway Network
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 T...