Romania has not applied to participate in any international tourism fairs, such as World Travel Market London, FITUR Madrid or ITB Berlin and checks its first absence from the London fair after 40 years, according to representatives of the National Association of Travel Agencies (ANAT) and Incoming Association Romania (AIR) in a press release on last Wednesday. In this context, the two associations draw the government's attention on the total neglect of incoming tourism in an open letter addressed to the provisional minister of economy, entrepreneurship and tourism, Virgil Popescu. According to data supplied by Eurostat, Romania recorded, in July 2021 the biggest drop of incoming tourism in EU, compared to the previous year, facing a 90% drop of the number of nights spent by foreigners in accommodation units. According to the source, the most important tourism events held abroad have already been launched and are registering participants (World Travel Market London, FITUR Madrid, ITB Berlin, etc). “ANAT and AIR request the ministry to communicate as soon as possible the strategy of Romania's promotion on long and short term and the list of international events in which the ministry will participate with stands in the rest of 2021 and in 2022. ANAT and AIR also ask representatives of the Ministry of Economy, Entrepreneurship and Tourism to speed up the publication of regulations on exhibitors' participation (licensed travel agencies, accommodation structures, promotion organizations) in Romania's national stand. Until then, Romania marks its first absence in 40 years in World Travel Market London, which will open its gates in less than two weeks”, the press release shows.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
