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

27 mar 2023

Calin Ilie, head of the Federation of Hoteliers in Romania, says the local market is expected to return to 2019 level this year, maybe even overshoot pre-pandemic figures. more

23 mar 2023

Romanian dermocosmetics producer Ivatherm saw revenues rise by 42% in 2022 from the previous year. more

21 mar 2023

Aquila, leader of the local consumer goods distribution market by turnover, is in advanced talks with two firms, with growth via acquisitions being one of the company’s strategies. more

16 mar 2023

Dragos Petrescu, founder of restaurant chain City Grill, says the first two months of this year brought the group a 53% revenue increase from the same period of 2019, the last year before the more

2 mar 2023

Optical retailer Lensa plans to open 15 stores this year and expand its activity in two new countries in the region, says Nicoleta Dumitrescu, the company’s COO. more

2 mar 2023

Romanian videogame developer Amber Studio has got EUR2.7 million state aid to fund a EUR4.6 million project. It wants to develop its office of Botosani, but is also looking at other areas, such as more

28 feb 2023

The year 2023 starts on an optimistic note for the air travel sector, as passenger traffic on Romania’s airports stood at more than 1.66 million in January, Romanian Airports Association (AAR) data more

22 feb 2023

The international hotel group is expanding its portfolio with three new hotels set to be opened in Romania, says Ivan Kissev, senior director, International Hotel Development CEE & CIS Marriott more

9 feb 2023

Online bookstore Libris.ro in 2022 saw turnover inch up to RON68 million, from RON65 million in 2021. more

9 feb 2023

Beltrame, the group that owns Donalam Calarasi and several operations in Targoviste, plans to triple production capacities at Targoviste plant this year, to 300,000 tons per annum. more

3 feb 2023

Samy Numai, managing director of Nimet, one of the biggest chrome plated steel bars and tubes producers, says the company’s 2023 investment budget revolves around EUR18 million and is destined to more

25 ian 2023

Aro Palace Brasov, controlled by Transilvania Investments, is looking for a CEO, as well as a general manager for the hotel of the same name. more

20 ian 2023

Accor, one of the world's largest hotel groups, has launched Handwritten Collection brand, which is in talks for the opening of 110 hotels worldwide, including Romania. more

19 ian 2023

Farmec, Romania’s biggest cosmetics producer, is planning investments meant to double its production capacity and sales, but for this project is looking at state aid for funding. more

16 ian 2023

Frank Reul, a development manager for Eastern Europe with Accor, says there’s still room for growth on the local market, even in Bucharest. Accor is carefully assessing the local market and more

12 ian 2023

Zaganu craft beer manufacturer posted 16% higher sales in 2022, but profit was considerably hurt by the rising raw materials prices. more

10 ian 2023

Cristian Preotu, founder of Le Manoir group, active in the field of fine gastronomy, is set to invest EUR2 million this year in three new projects. more

9 ian 2023

Travel agency Eturia, specialized in exotic destinations, in 2022 reached EUR20 million revenues, way above the 2021 figures. more

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