23 sep 2022

In 2021, the number of four-star units stood at 394, in line with National Statistics Board data. The considerable increase is mainly due to investors’ rising appetite for this field. more

22 sep 2022

Radu Timis Jr., CEO of CrisTim, one of Romania’s largest meat producers by turnover, controlled by Radu and Cristina Timis, expects the company’s turnover to go up by around 18-20% this year, also more

20 sep 2022

Dan Pastiu, founder of fast-food restaurant chain Dabo Doner, says there are requests for the opening of new units under franchise by partners, but he’s trying to limit development because of the more

16 sep 2022

Iulian Nedea, CEO of Simtel, a Romanian engineering and tech company listed on the AeRO market of the Bucharest Stock Exchange, says the company plans to expand to a west European country and enter more

8 sep 2022

Investment fund Enterprise Investors, which sold Romanian group Noriel this July to Turkey’s Sunman Group, will continue to invest on the local market as it was one of the most dynamic funds locally more

6 sep 2022

Romania’s hotel market is expanding further and by 2023, 18 new hotels will be opened in Bucharest and countrywide, in line with the Real Estate “Romanian Hotel Market” report by Crosspoint Real more

6 sep 2022

Mobexpert turnover rose by 6% in the first six months of this year against the corresponding period of 2021, says Adelina Badea, the company’s CEO. more

31 aug 2022

Packeta Romania, part of the Czech group of the same name, has a EUR5 million investment budget for this year, with the money to be largely used to expand its pick-up point network. more

29 aug 2022

Join Up Romania, part of the Ukrainian Join Up group, will begin operations on the local market this fall, by selling its first holiday packages. more

25 aug 2022

Mircea Cirt, founder of ATP group made up of several companies, says he asked for state aid for an investment project entailing boosting truck production and assembly capacity 20-30 times. Should the more

28 iul 2022

Coffee shop chain 5 to go, which has reached 400 units, will end 2022 with EUR25 million, according to its founder, Radu Savopol. The 2022 figure is almost double the 2021 level. more

26 iul 2022

Doina Cepalis, Te-Rox Prod founder and a board member at Holmbergs, which now owns the Pascani-based company, says local turnover will range between 10% and 15% this year, with growth set to be more

21 iul 2022

Verdino, a startup co-founded by entrepreneurs Raul Ciurtin and Eberhart Raducanu, which makes pea protein-based foods, has attracted a new funding round from its already existent shareholders. more

20 iul 2022

Bucharest’s Radisson Blu Hotel will have 200 additional rooms by end-2023, so that the entire compound made up of Radisson Blu and Park Inn by Radisson Hotel & Residence Bucharest will comprise more

11 iul 2022

Romania has one of the lowest recovery rates of travel in Europe, as the number of arrivals in the first five months of 2022 stands at only 52% of the level reported in the same time of 2019, the year more

6 iul 2022

Cargus, one of the biggest players on Romania’s courier services market, has a EUR55 million investment budget for the next two years, with investments set to focus on e-commerce, innovation and the more

28 iun 2022

Coffee shop chain Ted’s Coffee is set to open another four units in 2022, according to Vasi Andreica, the chain’s founder. more

20 iun 2022

Hotel compound Cheile Gradistei, controlled by businessman Ovidiu Garbacea, posted record high turnover in 2021, of RON41 million, 50% higher on the year. more

16 iun 2022

City Grill group, controlled by businessman Dragos Petrescu, is adding the first hotel to its portfolio. The hotel is due to be opened on July 1st in the historic building that hosts Hanu Berarilor, more

15 iun 2022

Accor hotel group plans to go beyond the 1,000-employee mark by the end of 2022, having 950 employees at present. more

9 iun 2022

Consumer goods distribution company Interbrands, entirely taken over last year by Croatia’s Orbico, last year saw its turnover surge by 170%, to RON3.7 billion. more

30 mai 2022

European online fashion retailer Zalando, which already has a presence in 25 countries, launched in Romania on Monday. The retailer carries 350,000 products from 1,700 brands, and expansion in Romania more

26 mai 2022

Courier services company Nemo Express Logistic, part of group Nemo Express, in 2021 hit RON137.9 million turnover, pointing to revenues shifting back to the 2019 level, of RON137 million. more

20 mai 2022

Luxury hotel group Kempinski, headquartered in Geneva, Switzerland, is contemplating the Bucharest market for the opening of a hotel, according to the chain’s representatives. more

19 mai 2022

Hotel group Accor, a major player on Romania’s hotel market, is expanding its portfolio with a new Mercure hotel in Cozieni, Ilfov county. more