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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
2,000 jobs Number of planned job creations
Announcement Date
29 March 2006
Employment effect (start)
31 July 2007
Foreseen end date
Description
On 29 March, Neocity Group (Israel) began construction of City Park Mall in Constanţa, the largest shopping-, leisure- and entertainment project in the city so far. The investment amounts to EUR 50 million and will create 2,000 new jobs.
This is the first in a series of investment projects planned for 2006-2009 by the above mentioned group which will total EUR 1 billion. Constanţa was targeted because it is the largest seaport in Romania with a very good geo-strategic position on the Romanian Black Sea coast. The following target is Bucharest, with six projects totalling investments of EUR 100-300 million.
Sources
30 March 2006: Ziarul Financiar
30 March 2006: Economistul
Citation
Eurofound (2006), Neocity Group, Business expansion in Romania, factsheet number 63253, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63253.
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