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

26 oct 2022

Consumer goods distribution company Interbrands Orbico will in 2022 overshoot the EUR1 billion mark in terms of revenues, thus joining the euro billionaires club, after a 20% increase against 2021. more

24 oct 2022

A project worth EUR6 million, due to include several sports grounds, swimming pools, event halls and a hotel, is set to be launched in Feleacu locality, Cluj county. more

20 oct 2022

LifeBox is focusing on the Bucharest market, where it’s launched a new business line, called LifeGo. more

17 oct 2022

Local airports registered 6.7 million passengers this summer, a 2.6% decrease compared with the same period in 2019, a reference year for the aviation industry, data from the Romanian Airports more

12 oct 2022

Sameday, the second largest player on Romania’s courier services market, is expanding to Bulgaria, after having entered Hungary’s market in 2020. more

6 oct 2022

Ghinea family, which owns Arsat Group, with operations in industry and agriculture, is developing the mixed-use real estate project Dragalina 25/27, set to include two office buildings, an event more

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