Kempinski, Europe's oldest luxury hotel group, will be opening its first hotel in Romania, under the Kempinski brand, based on a partnership concluded with Rock Development Holding, one of the most active real estate developers on the Bucharest residential market.
Romania's hourly labor costs adjusted to the number of working days increased by 15.15% in the third quarter of 2023 compared to the third quarter of 2022, data from the country's statistics board INS showed on Tuesday (Dec 6).
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 2.2% in October 2023 compared to October 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (November 5, 2023).