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.
Arts / Entertainment Sport, Amusement And Recreation Sports Activities And Amusement And Recreation Activities 93.13 - Fitness facilities
200 jobs Number of planned job creations
Announcement Date
15 January 2016
Employment effect (start)
Foreseen end date
30 December 2016
Description
Austrian A-Heat Group is investing in a new thermal water spa facility in Bucharest, which is to create about 200 new jobs. The plan is to make Bucharest Therme the biggest thermal recreational centre in Europe. The project started in 2013 and the thermal centre is expected to open later this year. The initial investment was estimated at 30 million EUR but this will increase to over 50 million. It also benefited from Romanian financial state aid amounting to 6,64 million EUR. According to official sources the project is expected to generate approximately ten million EUR in taxes over the next five years.
Sources
15 January 2016: Wall Street Romania
16 January 2016: Profit.ro
Citation
Eurofound (2016), Bucharest Therme, Business expansion in Romania, factsheet number 86176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86176.
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