Despite the lingering impact of the COVID-19 pandemic, the hotel market in Bucharest is recovering, a trend that could encourage opportunities in the transaction scene, according to a report by real estate consulting company Cushman & Wakefield Echinox.
The average hotel occupancy level across the CEE-6 capitals (including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw) in 2023 lagged 2019 by 9%, but the ADR (or average daily rate) surpassed it by 23%, resulting in a 12%...
President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists' Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real […]
The Drapers' Bastion in Brașov, built between the years 1450–1455, will be restored with European funds. The urban landmark will become an interactive museum integrated into the tourist circuit. The rehabilitation of the Drapers' Tower will support not only tourism but also the construction sector, contributing to the economic and cultural revitalization of Brașov, according […]
The National Meteorological Administration (ANM) has issued a code-red warning for persistent and intense heat from July 26, 10:00 AM to July 27, 10:00 AM for the regions of Banat, Oltenia, most of Muntenia, and southern continental Dobrogea. Day temperatures are expected to reach between 39 and 43 degrees Celsius, while the temperature-humidity index is […]
The fifth edition of Jazz Bastion will bring three concerts to the Weavers' Bastion in Brașov, featuring musicians from Romania, Ireland, and Switzerland. This year's edition "highlights the cultural diversity of music, which always brings together artists and audiences alike, regardless of language, nationality or affinities," the organizers explained. The public can attend performances by […]
Award-winning films, creative and recycling workshops, community meals inspired by the cultures of the partner countries, mornings with beach sports and evenings with music and dance are part of the program of this year's edition of Cinemascop, the festival taking place between August 1 and August 10 in the summer garden in Eforie Sud, on […]
Over 850,000 citizens from the Republic of Moldova had gained Romanian citizenship by 2024, according to official data cited by Radio Chișinău. The numbers are even more impressive considering that the Republic of Moldova has a population of around 2.4 million. Numerous Moldovans, including president Maia Sandu,...
