Greece as a touristic destination, either the islands or the resorts on the continent, was during the summer season of this year at the top of the Romanian tourists preferences, the agents having in many cases all places sold out before the beginning of the summer.The sales of package holidays for Greece started at the beginning of the year, so that in May there was no offer left, stated Madalina Balaiban, the owner of Hello Holidays.There were also tourists fond of all-inclusive holidays in Turkey who this year preferred Greece but who would have liked to find the same kind of services, all –included.There were also agencies who mentioned lower sales for the package holidays in Greece, an explanation being that of price increase."We have been tour operators on Bulgaria for years, but this year Bulgaria fell because they had very high prices, Greece too, we sold very thin," said Luminita Matei, general manager at Ecovoyage. Greece's tourism revenue hit a record in the first seven months of 2023, according to official data, while there is solid demand for travel in the autumn period, including November. The data supports estimates that there will be around 35 million foreign visitors this year as a whole and tourism revenues will exceed €20 billion, surpassing the previous record level of €18.17 billion set in 2019. According to a study, the Central Bank of Greece estimates for this year income from tourism of 21 billion euro, an advance of 15.6% against 2019 when the income was 18.17 billion euro and 19.1% as compared to 2022 when the income was 17.63 billion euro.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
