9 ian 2023

SME-type companies in 2023 have funding totally worth around EUR2 billion available, in line with data provided by consulting firm REI Grup. more

5 ian 2023

Three-star Capitol Hotel in the center of Brasov, held by Aro-Palace, will move to an international brand this year, says Aro-Palace chairman of the board of directors Calin Ilie. more

4 ian 2023

InterContinental has returned to Romania, this time on a different hotel in Bucharest, the Athénée Palace. It had left Romania in 2022, when the logo of the brand was removed from the hotel in Piata more

22 dec 2022

In 2022, SHC group of restaurants will generate turnover worth RON50 million (EUR10 million), 30% above the 2019 level. more

19 dec 2022

DHL, one of the largest actors in the courier service market, will end the year with a rise of 20% in revenue compared with last year, when its revenue stood at RON417 million, Finance Ministry data more

19 dec 2022

Courier services company Cargus, a major player on Romania’s market, plans to expand its activity in six European countries next year. more

16 dec 2022

The state-owned National Investment Company has this year finalized more than 70 sports infrastructure projects. The investments, worth RON800 million, were in fact projects envisaging the more

15 dec 2022

The war that broke out in Ukraine in February led to a record number of Ukrainian-held companies established in Romania this year, with trade and IT & C as the most active sectors. more

13 dec 2022

TenarisSilcotub had to give up investments earmarked for 2022 because of the soaring energy prices. more

12 dec 2022

THR Marea Neagra, controlled by Transilvania Investments, is putting up six hotels for sale and another six for rent, meaning that after tenders are completed the company will have no hotels left more

8 dec 2022

Diana Baicu, co-founder of TopLine, a company active on market of cosmetics import and wholesale to clinics and beauty salons, plans to expand the business on a new market, but also develop operations more

8 dec 2022

Constanta, Iasi, Brasov and Bucharest boast the largest investments underway in accommodation units, reveals a ZF analysis carried out based on IBC Focus platform data. more

22 nov 2022

Diehl Controls, a German manufacturer of components for household appliances, will invest around EUR40 million over the next ten years in an R&D center and production facility to be developed in more

18 nov 2022

Blue Air announced that the company's shareholders had been contacted by representatives of the Authority for State Assets Management (AAAS) to hand over 75% in the airline to the Romanian government. more

17 nov 2022

Romanian government via the Authority for State Assets Management will take over 75% in Blue Air, becoming the majority shareholder of the airline. more

17 nov 2022

Augustin Dragan, the new owner of Diverta bookstore chain, says that in around 4-5 years wants to expand the network to around 35 stores, double the current size of 18 units. more

16 nov 2022

The sum foreign tourists spent on tourism services provided by local providers reached EUR3 billion in the first nine months of 2022, in line with data provided by the National Bank of Romania. more

14 nov 2022

Aerostar Bacau, a manufacturing and maintenance company in the aviation industry, registered a 30% revenue increase in the first nine months of this year from the year-earlier period. Thus, the more

10 nov 2022

Trend Furniture, a Cluj-based furniture producer, expects a 125% revenue increase in 2022 from 2021, meaning turnover will reach RON25 million. more

10 nov 2022

2022 has been a good year for footwear retailer Benvenuti, with sales expected to top 2019 level, of RON132 million, by around 10%. more

8 nov 2022

Almost all of Romania’s airports are carrying out or are set to start expansion and overhauling works. The total value of investments in local airports tops EUR600 million. more

3 nov 2022

Coffee shop chain Meron, founded in Cluj-Napoca by Bogdan Ciocian, is set to expand abroad, to Budapest, in late 2022 or early 2023. more

2 nov 2022

Finnish tire producer Nokian Tyres, one of the world’s largest on this market, has announced it will invest EUR650 million in a production unit set to be built in Oradea. more

31 oct 2022

The organizers of music festivals Untold and Neversea are readying the first event of Bucharest, a Christmas Market due to be set up in Drumul Taberei park in collaboration with local authorities. The more

26 oct 2022

Urban Invest, the developer of the Urban Plaza mixed-use project in Brasov, will invest EUR25 million in building the first hotel to operate under the AC Marriott brand in Romania. more