Atlantic Restaurant System, which runs the Burger King franchise in Romania, will close down the last two remaining restaurants in Romania this week, after having closed down its units in Baneasa Shopping City, Plaza Romania and Bucuresti Mall.

This follows its insolvency, on June 8, asked by the retail center Liberty Center in Bucharest.

Burger King entered the Romanian market four years ago. The fast food operator was the only one of the international fast food players to post a loss in 2010, according to financial records.

Burger King Romania ended 2010 with a loss of EUR 1.27 million, higher than the loss in 2009, of EUR 1.13 million. End 2010, Burger King had a staff of 153 and only eight restaurants in Romania.

The brand was brought to the country by investors Marius Nasta and Eli Davidai.

editor@romania-insider.com