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

12 feb 2021

Parcel delivery company Sameday held by online retailer eMAG, last year saw its revenue double both because of the rise in online commerce and because of the investments it has made in the last few more

11 feb 2021

Parcel delivery company Cargus posted growth of 20% in sales volume last year. Its investments in a warehouse, logistics and IT&C upgrades reached EUR11 million. more

8 feb 2021

Parcel delivery company DPD Romania, one of the largest on the local market, ended 2020 with more than EUR50 million revenue an increase of 30% on the about EUR35 million of 2019. more

5 feb 2021

Wizz Air, the largest airline in Romania by number of passengers, saw a 70% decline in the number of passengers carried to and from the country in 2020 to merely 3 million compared with more than 9 more

3 feb 2021

Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of the more

19 ian 2021

Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show. more

19 ian 2021

Logistics and parcel delivery company DHL Express Romania ended last year with double the e-commerce revenue compared with 2019. DHL Express Romania also posted growth of 20% in revenue, driven by more

14 ian 2021

The road transportation industry suffered as a result of the pandemic, as well as due to the new European regulations in 2020. It dropped 13% to 43.6 billion lei compared with 2019, according to ZF more

8 ian 2021

The Azoitei family (Forty Management – real estate), Stefan Cherciu (Pier Holding – Qfort windows), Cristian Pandel (Christian Tour – travel agencies) and Popic family (RMP Investment) gathered more

29 dec 2020

The courier industry has witnessed significant growth in the past decade, going from 875 million lei revenue in 2008 to more than RON4 billion ten years later, according to the National Statistics more

4 dec 2020

Mailing services company Pink Post expects growth of 10% in revenue year-on-year in 2020 and expanded its range of services so it also delivered cards for the customers of the banks it works with, more

19 nov 2020

While many hotels and other accommodation facilities used to be booked for winter holidays already at this time of the year, the pandemic took people’s joy of spending Christmas and New Year’s more

6 nov 2020

The eight hotels of the Continental Hotels chain may close as of December 15, says CEO and chairman Radu Enache. The decision comes amid a significant decline in the revenue of the hotel company. more

13 oct 2020

The top 20 hotel companies by revenue, which are based in Bucharest, posted 1.1 billion lei revenue in 2019, Trade Register Office data show. more

25 mai 2020

Out of the 59,000 companies which applied for funding via the IMM Invest program, 582 have already secured RON500 million, says Dumitru Nancu, general manager of the National Loan Guarantee Fund for more

11 mai 2020

Simtel, a company that deliveries renewable energy projects, plans to build 47 photovoltaic parks on the rooftops of some of the largest retailers in Romania – Dedeman, Penny Market and Mega Image, more

30 apr 2020

Romania’s electricity production is now balanced with consumption, which dropped by 22% as many companies stopped or reduced operations, says Viorel Tudose, owner of electricity supplier Getica 95. more