15 iun 2023

The largest actor in Romania’s economy is OMV Petrom (SNP.RO), which posted RON55 billion revenue in 2022, an increase of 137% year-on-year, followed by a company of the same group, OMV Petrom more

7 iun 2023

Cargus, one of the largest parcel delivery companies in Romania, expects 20% higher revenue in 2023, the company said. This year’s plans are to expand to other countries in Europe. more

31 mai 2023

Accent Travel, an agency specializing in business travel, ended last year with RON138 million sales, its officials said, and expects a 43% increase in the sales volume in 2023. more

31 mai 2023

Courier services company DHL International Romania, a major player on the local courier services market, boosted its revenues by 20% in 2022, to RON505 million. more

30 mai 2023

JW Marriott Hotel in Bucharest doubled its revenue to RON154 million in 2022, Finance Ministry data show. Last year’s revenue was its highest ever. more

29 mai 2023

Travel agency Eximtur of Cluj-Napoca, one of the largest locally, controlled by Morariu family, saw its sales volume go up by 33% in 2022 on the year, to RON197 million, with 2023 estimates pointing more

29 mai 2023

Brasov will in the coming years add four hotels with a total of 600 rooms, due to be opened under international brands AC Marriott, Double Tree by Hilton and ibis Styles. more

23 mai 2023

FAN Courier, the leader of the parcel delivery market in Romania, is doubling its locker network to some 2,000 FANboxes in the entire country, the company said in a release. more

23 mai 2023

Romanian managers’ confidence in the economy is at the highest level in three years, despite uncertainties in the market, the eighth Confidex survey conducted by Impetum Group to measure Romanian more

9 mai 2023

Premier Palace & Spa Hotel in Bucharest, held by Premier Palace, insolvent since 2019, has been put up for sale for EUR6.9 million, court appointed trustee Euro Insol announced. more

4 mai 2023

Local furniture retailer SomProduct intends to open two stores this year, thus reaching a five-showroom network. more

2 mai 2023

Austria’s Greiner Group, owner of flexible polyurethane foam manufacturer South East Europe Neveon, has strategic plans until 2028 and Romania is at the center of attention in Central and Eastern more

21 apr 2023

Unita Turism Holding, which operates several hotels in Romania, has sold the Fantanele complex by the Belis Lake, Cluj County, to Cluj-based Transilvania Quest for EUR5 million, Transilvania Business more

20 apr 2023

Bakery chain Pain Plaisir will add three units this year and reach seven units by yearend. more

12 apr 2023

Macromex, a major player on the local consumer goods distribution market, ended 2022 with RON735 million revenues, up 16% from 2021. more

4 apr 2023

Hospitality group Kane plans to double its number of units by 2027 and reach RON130 million turnover. more

27 mar 2023

Hotel group Bacolux, controlled by brothers Marius and Razvan Bazavan, ended 2022 with revenues worth EUR10 million, up almost 50% on the year. more

27 mar 2023

Calin Ilie, head of the Federation of Hoteliers in Romania, says the local market is expected to return to 2019 level this year, maybe even overshoot pre-pandemic figures. more

23 mar 2023

Romanian dermocosmetics producer Ivatherm saw revenues rise by 42% in 2022 from the previous year. more

21 mar 2023

Aquila, leader of the local consumer goods distribution market by turnover, is in advanced talks with two firms, with growth via acquisitions being one of the company’s strategies. more

16 mar 2023

Dragos Petrescu, founder of restaurant chain City Grill, says the first two months of this year brought the group a 53% revenue increase from the same period of 2019, the last year before the more

2 mar 2023

Optical retailer Lensa plans to open 15 stores this year and expand its activity in two new countries in the region, says Nicoleta Dumitrescu, the company’s COO. more

2 mar 2023

Romanian videogame developer Amber Studio has got EUR2.7 million state aid to fund a EUR4.6 million project. It wants to develop its office of Botosani, but is also looking at other areas, such as more

28 feb 2023

The year 2023 starts on an optimistic note for the air travel sector, as passenger traffic on Romania’s airports stood at more than 1.66 million in January, Romanian Airports Association (AAR) data more

22 feb 2023

The international hotel group is expanding its portfolio with three new hotels set to be opened in Romania, says Ivan Kissev, senior director, International Hotel Development CEE & CIS Marriott more