Turism Felix has announced a significant update to its 2025-2035 development strategy, focusing on its hotel portfolio by affiliating with Accor Group's ibis Styles brand.
Ádám Ambrus, Manager of Amera Grup, talked to Property Forum about the company's ongoing investment of €7 million in the first Accor-branded hotel in Cluj-Napoca and the trends shaping new investments in the city.
Accor, a world leading hospitality group, today announces the grand opening of Mercure Chisinau Center Jazz in Moldova.
Europeans are confident about their travel spending power in 2024 despite the ongoing cost of living pressure across the continent.
Accor group expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club.
Greenvolt Power has secured €348 million in financing for the construction of a 253.1 MW wind project in Ialomița county, Romania.
Banca Transilvania (BT) reported a consolidated net profit of RON 4.10 billion (€804.7 million) in 2025, representing a 15.96% increase compared to RON 3.53 billion.
Romanian gas producer Romgaz recorded a consolidated net profit of RON 3.35 billion (€674.5 million) for the 2025 financial year.
State-owned power producer Hidroelectrica Group recorded a 20% fall in net profit during 2025 versus 2024 as the poor water levels significantly impacted hydropower generation and consequently the total volume of energy available for sale.
Romanian energy group Electrica achieved record financial results in 2025, with preliminary net profit reaching RON 1.22 billion (€245 million), representing a 159% increase compared to 2024.