EMCC European Monitoring Centre on Change

Siret Plaza Galaţi

Company/Organisation:
Siret Plaza Galaţi

Geographic Location

Country: Romania
Region: Galati; Sud-Est
Location of affected unit(s): Galaţi (Galaţi county, Sud-Est region)

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

Employment Effects

Announcement Date: 08-11-2005
Type of Restructuring: Business expansion
Employment Effect Start: 01-06-2006
Foreseen End Date: 30-08-2007
Planned Job Creation: 1500

Additional Information

Siret Plaza commercial centre is set to be built in Galaţi (Galaţi county, Sud-Est region). The project, to be carried out in partnership with Galati City Hall will create 1,500 jobs, and local authorities estimate it will contribute to an annual €20 million of the state budget. Construction works are planned to begin in June 2006, to be finalised in the summer of 2007. According to the project developer, Siret Plaza Galaţi will include a hypermarket, shopping gallery, do-it-yourself department, as well as other medium-size shops selling furniture, household appliances, sports wear, etc. In addition there will be a cinema with 10 projection halls and a health centre. Siret Plaza will have an underground facility of 2,000 parking spaces. The investment will total €45 million.