03.01.2022

The Zara store on the ground floor of the Unirea Shopping Center in the heart of Bucharest has been closed due to a decrease in foot traffic in the area and therefore in sales. more

01.11.2022

The Gucci boutique in Bucharest, operated as a franchise by the Calagiu family of local entrepreneurs, has put up the shutters, which means the luxury brand's exit from the Romanian market after more more

07.22.2021

French-Belgian retailer Cora has recently closed its hypermarket in Baia Mare, keeping only ten such stores in Romania. This is the second time the network has closed a hypermarket in the country more

06.11.2021

German automotive group Continental will be shutting down its ContiTech factory in Nadab, Arad county in western Romania, and will relocate production to Carei, Satu Mare in northern Romania. more

06.09.2021

Italy’s fashion group Calzedonia has closed its Romanian plant which employed 400 people. more

04.09.2021

The pandemic dealt a serious blow to the exercise industry in 2020, when the entire market shrank by 40% to 50%, and 10% of the companies in this business did not make it, the representatives of more

01.15.2021

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 Bucharest due more

11.23.2020

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. more

04.02.2020

Austrian furniture and home decor retailer XXXLutz, with annual sales of EUR4.65 billion, announced Thursday it was temporarily closing its mömax stores in Timisoara and Oradea due to the Covid-19 more

03.24.2020

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 places more

11.01.2019

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. more

03.27.2019

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02.18.2019

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 average wage more

02.14.2019

Hanes Global Supply Chain Romania, formerly Rosko Textil, has closed the plant it had in Arad-Curtici Free Trade Zone, market sources say. more

02.13.2019

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 of the more

12.11.2018

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 (wiring) more

06.22.2018

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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