The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
200 jobs Number of planned job creations
Announcement Date
4 November 2005
Employment effect (start)
30 July 2006
Foreseen end date
Description
The Temvar Centre company will develop a mall-type commercial centre in Braşov (Braşov county, Centru region), in an €8 million investment. ‘This will be a mall-type project in which we will invest some €8 million and where we believe we will create some 200 jobs’, said Dutu Gheorghe, the chairperson and main shareholder of Temvar Centre, the developer of the project.
The works on the MacroMall shopping complex begun in November 2005 and will be completed by July 2006. Temvar Centre’s chairman says the expansion plan will not stop here. ‘After we finish the construction of MacroMall we intend to develop a network of stores in smaller towns and even in some communes in Brasov county, where there is potential for such business’, said Dutu Gheorghe. The people in rural areas are no longer producing everything they need in their households and many of the inhabitants in the communes around Braşov are working or worked in the city and have retired on rather good packages’, he added.
Sources
4 November 2005: Ziarul Financiar
Citation
Eurofound (2005), MacroMall, Business expansion in Romania, factsheet number 62686, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62686.
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