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IKEA closes Siret plant and lays off 400
Swedish furniture producer Swedwood, held by the most powerful furniture and interior decorations retailer in the world, IKEA, closed its only furniture factory on the Romanian market at the end of last month. "We've been having very serious problems for a whi...
Teba Industries closes plant with 900 employees in Arad
High labour costs are driving Teba Industries group towards East Romania. The shareholders of clothing manufacturer Teba Industries have decided to close down the plant in Arad and move oper...
Bunge closes its third plant
Bunge, the leader of the domestic vegetable oil market, which derives annual turnover in excess of 150 million euros, is set to close its Unirea Iasi plant, and lay off 300 employees, after...
Astra Vagoane Calatori closes 100m-euro contracts
Arad-based Astra Vagoane Calatori (Astra Passenger Carriages), a company which has broken up from the Astra group of firms, estimates a 60 million-euro turnover in 2008, compared with 45 mil...
Flamingo closes its biggest store in central Bucharest
Flamingo International, a retailer of IT, electronics products and home appliances, will close the store it owns in Bucharest, in the Piata Universitatii area, with plans to sell the 1,200 s...
Europharm closes six drug warehouses due to mark-up cuts
Drug distributor Europharm, held by the UK giant GlaxoSmithKline (GSK), leader of the Romanian pharmaceutical market, will close down 6 of its 17 warehouses, with the company having the most...
RTC owner closes wine business
Businessman Octavian Radu, founder of RTC group, which registered a 260m-euro turnover last year, closed Depozitul de Vinuri company, one of the most important bottled wine importers, after...
Auchan operator closes 2006 with revenues of 19m-euros
Revenues of MGV Distri-Hiper, the operator of the French-owned network Auchan in Romania, stood at 19 million euros last year, after the company opened its first hypermarket on the local mar...
Diana Forest closes 120-employee plant
Diana Forest, one of the leading players in the wood processing field, last year decided to close one of the factories it owns in Bacau, following the decline in the RON/EUR exchange rate an...