City Grill restaurant group, one of the main players in Romania’s hospitality market, has budgeted investments of EUR 6.5 million for this year (respectively EUR 6.69 million converted from RON 35 million),…
Investment firm Mozaik Investments has entered Romania’s automated low-cost fitness market through the acquisition of the City Gym network and the repositioning of the Urban Fitness brand, a project backed by an…
Hotels on the southern Romanian coast are performing better than those in Mamaia during the current summer season, driven by increased demand for all-inclusive packages, businessman Nicolae Bucovală told the publication Ziarul…
Monarc Development will start construction work this year for Radisson Blu Hotel & Residences Mamaia, a branded residences real estate project. The concept aims to bring international premium living standards to the…
Real estate developer Vastint Romania is working on a mixed-use concept that includes offices and hotel spaces for the former Dâmbovița industrial platform in Bucharest, but the project remains at the concept…
Entrepreneur Gergen Barna has opened the Eskaperdo tourist complex in Harghita County, following a EUR 9 million investment developed over nearly ten years. The project relies on the growing demand for nature…
Sphera Franchise Group, the largest food service group in Romania, continues expanding its KFC network by opening its first Drive Thru restaurant in the Bran area, an investment of approximately EUR 1…
Accommodation requests on the Romanian seaside between July 8 and 12, when the Beach, Please! festival took place in Costinești, were seven times higher than during a regular summer period, according to…
Baltic group PLG has signed an agreement for the full acquisition of the Romanian ticketing platform iaBilet from private equity fund Resource Partners and the company’s founders. The transaction marks Resource Partners’…
Franchise operator Sphera Franchise Group (SFG) is undergoing a readjustment process of the Pizza Hut network in Romania, the only brand in its portfolio with a negative impact on the balance sheet.…