27 oct 2014

Romania cannot hope for annual economic growth of 5% in the next ten years in the lack of consumption and investments. This was one of the conclusions of last week’s ZF Expert meeting that was more

20 oct 2014

Tourism business results are better than expected, having beat the 15% growth forecast, says businessman Marius Cristescu, who owns Bega Turism company together with his brother Emil Cristescu. more

5 oct 2014

Athenée Palace Hilton five-star hotel, one of the landmark buildings of Bucharest, will have all its 272 rooms fully renovated, following a EUR8 million investment starting next year. more

3 oct 2014

PostMaster, a company of the Austrian Post Group, which provides postal services and delivers advertising material to mailboxes, posted growth of 17% in revenue to about EUR6.3 million in the first more

2 oct 2014

Hotels attracted 90% of the foreigners who got accommodation in touristic units in the first seven months of this year, namely 950,000 visitors from abroad, reveals a ZF survey based on National more

25 sep 2014

World Class Romania, the country’s largest fitness chain, saw revenue go up by 44% in the first nine months of this year. A similar increase was registered in terms of the number of members. more

22 sep 2014

Can Pack Romania, the only Bucharest plant manufacturing aluminum cans for beer and soda, with clients such as Heineken, Bergenbier, SABMiller or Tuborg, ended the first 8 months of this year with more

19 sep 2014

Romanian state-owned postal operator Posta Romana is preparing for its second privatization attempt. Investors interested in taking over the majority stake in the company must submit non-binding bids more

16 sep 2014

FAN Courier, with revenue of EUR60 million, and Autonom Services (Autonom Rent A Car brand), a EUR12 million business, dominate the local courier and car rental services markets as they were quick to more

16 sep 2014

The French post office, which owns courier services company DPD in Romania, Deutsche Post, present locally through DHL, US-held UPS, which controls the courier company of the same name, as well as more

11 sep 2014

On the local flight market it dominates, Romanian state-run airline Tarom saw traffic go down by 10% in the first half of this year against the same period of 2013. more

10 sep 2014

Romanian courier services company FAN Courier, controlled by three Romanian entrepreneurs, ended the first half of this year with revenue of 151 million lei (EUR34 million), up 19% from the same more

9 sep 2014

Sibiu-based Atlassib company, Romania’s biggest international road passenger transport operator, carried more than 300,000 people in the first half of the year, 7-8% more than in the same period in more

8 sep 2014

Romania’s state-owned airline Tarom carried 1 million passengers on local and external routes in the first half of this year, up 7% from the same period of last year, according to the company’s more

5 sep 2014

Bucharest’s four-star hotel Howard Johnson, with a capacity of 285 rooms, ended the first six months of this year with 10% higher revenue against last year amid the rising demand for accommodation more

29 aug 2014

Tarom’s most-awaited direct flight, Bucharest-Beijing, cannot be launched on the lack of an approval to fly above the Russian airspace. more

27 aug 2014

The expansion of electronic commerce and the increase in the number of online stores has boosted revenue of courier service companies, which get 30% to 40% of their business from contracts with online more

4 aug 2014

Romania’s 15 operational international airports posted 5.2 million passengers in the first six months of this year, up 6.5% against the same period of 2013, according to a ZF analysis based on data more

1 aug 2014

In June alone, 88 of the 138 regular flights scheduled under the name of Fly Romania and due to be operated with the aircraft of TEN Airways airline controlled by businessman Ovidiu Tender were more

30 iul 2014

The Danube Delta, one of Romania’s most important touristic areas, attracted 16,400 visitors in the first half of this year, 17.6% more than in the same period of last year, according to data from more

28 iul 2014

After having unexpectedly renounced flights from the airports of Constanta (to Pisa and Milan) and Targu Mures (to Brussels), giant low-cost carrier Ryanair is focusing on the Henri Coanda (Otopeni) more

23 iul 2014

The 4-star Iaki hotel in Romania’s seaside resort Mamaia, owned by former soccer international Gheorghe Hagi, has all its rooms booked until the first week of September. The price of a double room more

18 iul 2014

Bali island is barely visible on the world’s map. But it is inhabited by 3.9 million people and in the touristic season another 3 million people from all around the world come to relax on the former more

9 iul 2014

Oradea-based freight shipping company Frigoexpres, which went insolvent last August, ended the first half of the year with 21 million lei (EUR4.8 million) revenue, down 36% in lei on the year-ago more

25 iun 2014

Carpatair, an airline gone insolvent early this year, posted 148 million lei (EUR33.7 million) revenue last year, down 40% on 2012, and RON26 million loss, according to the Finance Ministry website. more