Romania was visited by 2.1 million foreign tourists in 2024, 11% more than in 2023, who spent a total of RON6.5 billion (EUR1.3 billion), namely, an average value of RON3,024 per person, according to data from the country's statistical office INS.
City Grill Group, the largest Romanian-owned restaurant group in the hospitality market, has analyzed industry changes and how consumer preferences have evolved in recent years.
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, reported net profit of EUR50 million for 2024, up 18% from 2023, as per unaudited consolidated financial results.
The European Investment Bank (EIB) will advise the Romanian municipality of Ploiesti on green transport projects as part of a Europe-wide push to make urban life healthier for people and the environment.
Fraud is a silent but costly threat that continues to translate into significant financial losses every year. Association of Certified Fraud Examiners (ACFE) reports reveal that businesses worldwide lose an estimated 5% of their annual revenue to occupational fraud. Yet, many organizations underestimate fraud risks and resort to prevention measures late, generally in response to severe episodes.
Alternative investment fund Infinity Capital Investments has convened its shareholders on April 29 to approve among others the distribution of the RON124 million profit of 2024 for future investments.
Startup InterviewsUp, which has developed a digital platform that aids recruiters assess candidates’ soft skills in interviews, aims to raise at least EUR250,000 to further develop the solution and for expansion in CEE, with the main targeted markets being Czechia and Hungary.
Scandinavian home furnishings retailer JYSK has hit a major objective in Romania with the opening of its 150th local store, in Mamaia Nord, but continues expansion plans to reach 200 units locally.
State-run Hidroelectrica, Romania’s largest electricity producer, has RON660 million (EUR130 million) budgeted in 2025 for diversification projects that include solar power projects.
Private medical service provider MedLife (M.RO) on Tuesday announced its shareholders had authorized the board of directors to negotiate with the bank syndicate the increase of the syndicated loan taken out in December 2022 by up to EUR50 million to a total of EUR318.3 million, MedLife said in a report to the Bucharest Stock Exchange.
Ensana Health Spa Hotels (formerly Danubius) Group, which owns three hotels in the spa town of Sovata, ended last year with some RON85 million revenue compared with RON76.9 million in 2023, its officials said.
Turism, Hoteluri, Restaurante (THR) Marea Neagra (EFO.RO) held by Transilvania investments Alliance, on Tuesday notified the Bucharest Stock Exchange it had sold the Balada hotel complex in Saturn, Constanta County for EUR6.1 million to Energo Util S.A. in a public tender.
OMV Petrom (stock symbol: SNP) has announced in a stock market report that the Executive Board’s proposal for distribution of dividends for the financial year 2024, the same as the one announced on Feb. 4, 2025, namely a gross dividend of RON0.0444/share, was approved by the Supervisory Board on March 18, 2025 and will be put to a shareholder vote at the Ordinary General Meeting due on April 24/25, 2025.
Agroland Business System (AG.RO), a Romanian entrepreneurial retail, agriculture and food group, which owns the largest farm supply store chain in the country, is listing a RON7 million bond issue with a 9.75% yearly interest and 10-year maturity on the Bucharest Stock Exchange on March 19.
State-run Nuclearelectrica (SNN.RO), the operator of the nuclear power plant in Cernavoda, has called shareholders for a meeting on April 24, 2025 to approve, among others, the distribution of RON815 million as dividends from the company's 2024 net profit.
The luxury tourism industry is entering a new paradigm, moving beyond the traditional concept of premium comfort towards creating truly meaningful, unique moments.
InterCapital Asset Management (ICAM), the largest independent investment manager in Croatia, with EUR650 million in assets under management, is listing on Tuesday (March 18), at the Bucharest Stock Exchange (BVB), its second ETF (Exchange Traded Fund), tracking Slovenia’s main stock market index.
Italian group Zoppas Industries, one of the global leaders specializing in thermal solutions and heating elements for various industries, including home appliances, automotive, and aerospace, has opened an office in the business center within the Iulius Town mixed-use complex located in Romania's western city of Timisoara.