26 aug 2021

Despite the steepest crisis the hospitality industry is coping with, investors’ interest has not dwindled as they are betting on projects worth tens of million euros in this field. more

25 aug 2021

Garden Inn Bucharest Airport Hotel, controlled by Lithuania’s Apex Alliance, in July posted a 70% occupancy rate, with demand on an upward trend in recent months. more

24 aug 2021

Antonio Nitu, general manager of travel agency Aerotravel, says he noticed rising demand for business travel, with Romanian small and medium-sized companies starting asking for both outbound and more

10 aug 2021

The new travel restrictions, namely the inclusion of Greece, France and Spain on the red list and of Turkey on the yellow list, are significantly pushing up demand for the Romanian seaside. more

10 aug 2021

Phoenicia hotel group, controlled by businessman Mohammad Murad, last year generated turnover worth RON95 million, 26% lower than in 2019, when the group’s turnover got close to RON130 million, more

9 aug 2021

Cluj and Timisoara airports saw growth of up to 130% in traffic in July compared with the year-ago month, partly because of the higher number of charter flights, which accounted for 16% of the total more

6 aug 2021

The first half of 2021 saw the number of newly-set up companies hit a peak compared with the similar periods of the previous years, with over 79,700 companies being established in the first six months more

5 aug 2021

Lithuanian hotel operator Apex Alliance, which owns and operates four hotels in Bucharest, has finalized its EUR42 million investment in Bucharest’s Old Town. more

5 aug 2021

One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data. more

5 aug 2021

Damen Galati shipyard, one of the largest in Romania, posted 70% higher revenue year-on-year, RON806 million in 2020, Finance Ministry data show. more

13 iul 2021

Mihail Kogalniceanu International Airport in Constanta saw only 14,700 people passing through it in the first half, about 72% fewer than in the year-ago period, the data the company officials supplied more

14 iun 2021

Nemo Express Logistic and Nemo Prod Com Impex, the companies of the parcel delivery group Nemo Express, posted RON118.6 million revenue together last year, 16% lower compared with 2019, when the more

11 iun 2021

Arad-based freight carrier International Alexander posted RON432 million revenue in 2020, 7% more than the RON402 million of 2019, Finance Ministry data show. more

9 iun 2021

Logistics and parcel delivery company DHL Express Romania posted growth of 6% in revenue to RON364 million last year. The growth comes amid rising online volumes. more

8 iun 2021

Rail freight transportation company E-P Rail posted 10% growth in revenue to RON394 million in 2020 from the RON357 million of 2019. Its officials expect revenue to reach RON500 milion this year, more

7 iun 2021

Freight carrier Aquila Part Prod Com, the largest company in the Aquila group, has entered the billionaire club after posting growth of 57% in revenue to RON1.4 billion in 2020. more

2 iun 2021

Airline Blue Air posted 65% decline in revenue to merely RON757 million last year, compared with RON2.1 million in 2019, the company said. more

19 mai 2021

The Timis family, who owns the cold cuts producer Cris-Tim and Casa Timis mansion, plans to build a hotel in the next five years. The entrepreneurs intend to build some accommodation facilities in the more

18 mai 2021

Parcel delivery company DPD Romania, one of the largest on the local market, posted more than RON257 million revenue last year, an increase of almost 40% on the RON184 million of 2019. more

26 apr 2021

The development strategy of DerTour, the travel unit of the Eurolines group which Germany’s Der Touristik group bought in 2019, is to open new agencies in shopping centers and office buildings, says more

22 apr 2021

The mergers and acquisitions market will be more active this year than in 2020. Whereas investors decided to put certain acquisitions on hold in the first half, interest returned at the end of the more

21 apr 2021

The logistics and industrial space market has a potential for another 2.5 million to 3 million square meters over the next economic cycle, says Andrei Jerca, managing director of developer Element more

3 mar 2021

Home Delivery, the residential freight delivery unit of carrier Gebrüder Weiss, posted 85% increase in revenue in Romania year-on year in 2020. The number of shipments was 123% higher or more than more

2 mar 2021

The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s decline. more

15 feb 2021

Online commerce, which has been on the rise in the last few years, surged last year as the pandemic made people order and buy more products over the Internet. The parcel delivery industry, one of the more