The Beliş-Fântânele complex in Cluj County, which covers six hectares, will reopen under the Hampton by Hilton brand in 2026, following a one-year delay and a EUR 20 million investment.
The planned opening will take place after a collaboration between the Transilvania Trek group, part of UNITA Turism group, and the international brand. The partnership was announced last year. Back then, project representatives estimated the opening date to be 2025.
"Considering that the entire...
Real estate developer, investor, and operator Prime Kapital has secured a EUR 85.5 million refinancing facility from Erste Group Bank AG for Argeș Mall, located in Pitești, in southern Romania. Developed by Prime Kapital, the mall opened in April 2024 with over 51,000 sqm of gross leasable area. It has a tenant mix comprising over […]
Courier company Cargus has partnered with Agroland, a national network of stores for farmers and households, to expand its parcel pick-up and drop-off network by 245 delivery points. A total of 100 Cargus SHIP & GO points will be set up in the Agroland network and will become operational by the end of this year. […]
Poultry Investment, with Romanian and Hungarian investors, and Authentic Meat, a Romanian company specializing in meat processing and preparation, have joined forces to enter the ready-to-cook segment. The newly created company, Meat Partners SRL, has introduced, under the Puiul de Crăiești brand, the Bistro range of ready-to-cook products. Currently, the line includes breaded schnitzels and […]
Westlake Corporation (NYSE: WLK) announced it has entered an agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group, a Portugal-based global manufacturer of specialty materials serving the wire and cable sectors, Profit.ro reported. The transaction, which...
Romania plans to significantly increase taxes on cryptocurrency and stock market gains, with the government preparing to take responsibility for a draft law that will raise the respective tax rates starting next year, according to Profit.ro....
Romania will increase the VAT exemption threshold for small enterprises to RON 395,000 (approximately EUR 78,000) from RON 300,000, starting September 1, 2025, the Finance Ministry announced following government approval of emergency legislation to amend the Tax Code. The measure implements EU Directive 2020/285, which aims to harmonize taxation across Europe and reduce administrative burdens […]
