14 aug 2023

The accommodation market made a record profit of RON2 billion in 2022, which means a profit margin of 20%, a very high level for an industry where costs are quite high. Few industries manage to reach more

9 aug 2023

Travel agencies ended 2022 with RON5 billion revenue, a record high for the local market, Trade Register data show. more

27 iul 2023

Prodal 94, a major producer on Romania’s spirits market, ended 2022 with turnover of above RON175 million, up 50% from 2021. In the past two years, the business has more than doubled. more

20 iul 2023

Augustin Dragan, owner of Diverta bookstore chain, expects a 25% turnover increase this year, but final results will also depend on the school season. more

19 iul 2023

Passenger traffic on Romania’s airports was higher in the first half of 2023 than in the same period of 2019. Contrary to expectations, however, the growth drivers were the regional airports and not more

18 iul 2023

2022 brought fewer companies on Romania’s hotel market, but profit hit a five-year high, of RON1.5 billion, in line with Trade Registry data. more

11 iul 2023

IHG Hotels & Resorts (InterContinental) is expanding in Romania with the signing of the Indigo Hotel in Satu Mare, a brand debut in the country, according to the corporate website. more

22 iun 2023

Bogdan Panainte, CEO and founder of Homplex, a Romanian producer of thermostats and gas detectors, forecasts RON40 million revenues this year, 25% higher than in 2022. more

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