Type
Business expansion
Country
Romania
Region
Bucuresti; Bucuresti; Ilfov
Location of affected unit(s)
Voluntari
Sector
Wholesale / Retail
Retail trade
Retail sale of automotive fuel
47.40 - Retail sale of information and communication equipment

203 jobs
Number of planned job creations
Job creation
Announcement Date
2 July 2014
Employment effect (start)
2 July 2014
Foreseen end date
31 December 2017

Description

Dante International, operator of Emag the biggest online retailer in the local information technology and communication (IT & C) market, is to create 203 jobs at its new software development centre in Bucharest. The company is part of the South African Naspers Group.

According to the sources, Emag IT Research has received state aid of €6.65 million to develop new technologies. During the first half of 2014, the Ministry of Finance issued €67.27 million worth of state aid, which is expected to create approximately 3000 jobs over the next three years. The sources report that the restructuring is part of the new business plan at the company.


Sources

Citation

Eurofound (2014), Dante International, Business expansion in Romania, factsheet number 77317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77317.