However, the gross 2022 result also comes as last year was marked by the record-high, around 16% inflation, in Romania.
The annual tenfold increase is one of the best performances among all the countries Amrest is present in. Moreover, in Romania, the hospitality industry giant raked in profit in each of the past two years, while in around half of the countries it is present in, the group was in the red in at least one year, if not in both.
Amrest has 65 restaurants and coffee shops in Romania, two units more than in December 2021. The cautious expansion comes as the group’s Starbucks franchise contract for Romania expires in October 2023. As regards Burger King, Amrest is no longer allowed to develop its operations in the region in the wake of a decision by the US group.
(English version by Catalina Apostoiu)