The French company CDS Groupe, a supplier of booking and payment solutions in the hotel business, in full expansion in Europe, ambitious in become a leader on the continent, have come to Romania, data analysed by Profit.ro show. The branch, based in Timisoara, will act as touroperator. In November, CDS Groupe purchased the Italian company SIAP, a supplier of software solutions for traveling and tourism. “This purchase consolidates our position of leader and corresponds to our ambition to obtain 1 billion euros from hotel bookings for business trips in the next 3 years,” said Ziad Minkara, CEO and founder of CDS Groupe. CDS intends to make new purchases in Europe in order to become the main European technological integrator in the hotel industry and business trips. The company, founded 20 years ago, bought in 2022 the booking platform Goelett and a year later entered the German market, with another purchase (Crporate Rate Club). Now, theCDS network covers France, Germany, Italy, Spain, Austria, the Netherlands, Great Britain, Poland and Croatia. The company has 350 employees and over 1,500 direct customers and partner travel agencies, with a volume of hotel bookings of 800 million euros.
Thousands of people took to the streets of Bucharest on Sunday, October 19, to participate in the “Together for Women’s Safety” march, calling for stronger action against gender-based violence and improved protection for women and girls in Romania, news agency Agerpres reported. Similar awareness events...
Economy minister Radu Miruţă (USR) announced on October 18, after the conclusions of the report of the prime minister's control body regarding the disaster at Praid salt mine, which was flooded earlier this year, that he asked the Salrom management to resign but they refused, he asked for a meeting and they refused again, and […]
The individual investors placed orders for RON 47.4 million (EUR 9.5 million) worth of shares put up for sale by cold cuts producer Cris-Tim (BVB: CHF) under the Bucharest Exchange IPO, according to Ziarul Financiar reporting after the first day of the public offering. Some 67% of the tranche for individual investors...
Electricity supplier and provider Electrica (BVB: EL), with the Romanian state as the largest shareholder, began the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1 GWh. The project is scheduled for completion by 2030. Electrica will thus capitalise on land it already […]
GE Vernova announced that it has entered into an agreement with Portugal's Greenvolt International Power to supply, install, and commission 42 onshore wind turbines with a capacity of 6.1 MW each to power a wind farm in southern Romania (Ialomița County), according to Economica.net. ...
The general government budget deficit in Romania increased by 7% y/y and reached RON 103 billion (EUR 20 billion) in January-September, according to data published by
