News » January, 2011 » 11 January 2011
Billa closes Suceava store despite having signed 25-year lease
11.01.2011, 00:09 | Business | 1249 views
Billa supermarket network, part of Germany's Rewe, shut down its store in Suceava before Christmas, which had operated since November 2008 on a plot of land rented for 25 years from Suceava businessman Ioan Iftodi. "The closedown of Suceava store was strictly a business decision for an area with a weaker economic performance than forecast. The employees of Suceava subsidiary received the severance pays required by the law and also counselling for finding a new job. It is the first Billa store closed in Romania, for business reasons as I said. Like in Romania and the other countries, Billa is a stable and strong company," maintains Filip Cristescu, COO with Billa Romania. He did not specify the financial figures of Suceava store. Read more on ZF.ro
|
Latest news in category Business
The volume of construction works dropped to six months by 10.2%, as gross series, taking into account the drops in capital repairs' works, by 18.4%, and in the maintenance and current repairs, by 12%, and as adjusted series after the number of working days and seasonality dropped by 9.4%, according to the National Institute of Statistics. read more...
The National Salt Company - Salrom SA last year achieved a profit of 38.7 million lei, up 86% over 2012, said Alina Floroian, marketing economist with the company. The turnover of Salrom reached 308.3 million lei, up 13% over 2012, she said. read more...
Anca Vlad, the CEO of Catena Grup, is an ardent supporter of entrepreneurial spirit and thinks that you can't have a successful business without taking risks. read more...
|
|
