Type
Business expansion
Country
Romania
Region
Bucuresti; Bucuresti; Ilfov
Location of affected unit(s)
Balotesti
Sector
Arts / Entertainment
Sport, Amusement And Recreation
Sports Activities And Amusement And Recreation Activities
93.21 - Activities of amusement parks and theme parks

200 jobs
Number of planned job creations
Job creation
Announcement Date
25 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2019

Description

Austrian company Therme Nord Bucureşti is investing in a new thermal water spa facility in Bucharest, which is to create about 200 new jobs. Therme is the biggest thermal recreational centre in Europe. The project started in 2013 and the thermal centre was opened at the beginning of 2016. The initial investment was estimated at €50 million, but the number has increased to over €100 million. The new facility will benefit from financial state aid amounting to about €7 million.


Sources

Citation

Eurofound (2018), Therme Nord Bucuresti, Business expansion in Romania, factsheet number 96304, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96304.