19 mar 2014

Austrian executive Ali Yilmaz Yildirimlar, general manager of five-star Radisson Blu Hotel in Bucharest since 2009, has been promoted to regional manager in Russia, where he will supervise the more

19 mar 2014

Low-cost carrier Blue Air, which changed its shareholders last spring, is trying to keep its market share unchanged and enters the charter flight segment, likely to bring it EUR5 million. more

12 mar 2014

TEN Airways, controlled by businessman Ovidiu Tender, on May 15th will start operating flights on internal routes (Bucharest-Tulcea and Bucharest-Timisoara) and external ones to Italy and Germany more

5 mar 2014

TEN Airways, controlled by businessman Ovidiu Tender, is set to enter the airline market with regular flights under the Fly Romania brand. more

4 mar 2014

Poland’s fund Resource Partners, specialized in private equity investments in Central and Eastern Europe, negotiated for 5 months with Sweden’s World Class on the takeover of the 71% stake the more

3 mar 2014

World Class Romania, which operates 11 fitness centers in Bucharest, Timisoara and Cluj Napoca, will enter the portfolio of Polish fund Resource Partners, specialized in private equity investments in more

3 mar 2014

Almost 6,400 rooms of Romanian hotels operate under an international brand, with 56% of units located in Bucharest and the rest in other large cities of the country, according to a ZF survey. more

25 feb 2014

Travel agency Christian Tour posted revenue of EUR45 million in 2013, up 30% year-on-year, while its profit hit EUR0.7 million, according to company owner Cristian Pandel. more

20 feb 2014

The Hilton hotel in Sibiu, the only five-star hotel in the city, targets an average occupancy rate of at least 77% this year, from 67% in 2013, says general manager Nicolae Aron. more

19 feb 2014

Statiunea Ocna company, which managed the Ocna Sibiului resort in the spa town by the same name known for its salt waters, went bankrupt on EUR7.2 million debt. Its biggest creditor is Romania’s more

11 feb 2014

Almost one third of the foreigners who visited Romania last year were Germans, Italians and French, according to a ZF survey based on the statistics institute data. more

5 feb 2014

Businessman Ovidiu Tender, who runs a group of geological, oil and gas exploration and tourism companies, says that his TEN Airways airline will operate flights for Guinea Bissau, one of the smallest more

4 feb 2014

Several hotels in Bucharest put up for sale in 2008-2011 have not found a buyer so far, even though some owners have cut prices in a “lifeless” market that has not drawn the attention of any new more

29 ian 2014

Back in the communist regime days until 1989, if traffic stopped, heads would roll starting from station masters, says George Buruiana, chairman of the Railway Freight Carriers of Romania Association. more

21 ian 2014

London, Paris and Rome are the destinations with the highest competition among airlines in Romania, with at least four airlines offering flights to those cities. Vienna, on the other hand, is the more

20 ian 2014

The three hotels owned by businessman George Copos in Romanian ski resort Poiana Brasov last year generated overall revenue of EUR3.65 million, up 9% year-on-year. more

16 ian 2014

The Diverta network now comprises 25 bookstores with an 8,000 square-meter retail area and sales of EUR11 million, compared with 62 units, totaling a 24,000-sqm area in 2010 and EUR22 million in more

7 ian 2014

Pamimai Distribution, a distribution company with revenue of 327 million lei (EUR74.3 million) in 2012, entered insolvency at its own request in 2013 after piling up debts of EUR7 million. more

24 dec 2013

After a year ending with double-digit growth rates in some cases, travel agencies expect to have a good 2014, as well. more

20 dec 2013

ZF reviews the top events in tourism in 2013, from the change of the taxi system at Bucharest’s Otopeni international airport, to the first tourists embarking in the Romanian port of Constanta and more

13 dec 2013

Dunca Expeditii, one of the largest road freight carriers in Romania, forecasts a growth of 5% to 10% in revenue next year, as a result of the fleet expansion in 2013, owner Romeo Dunca told ZF. more

5 dec 2013

EasyJet and Ryanair, the largest low-cost airlines in Europe, have taken the first step towards gaining market share in Romania by announcing Bucharest-London flights. more

4 dec 2013

Businessman Ovidiu Tender, who runs a group of firms operating in the geologic, oil and gas exploration, pharma, construction and tourism sectors, said he is in negotiations to take over the majority more

29 nov 2013

Chinese-controlled companies had a total turnover of 2 billion lei (EUR454 million) in Romania last year, down 8% against the previous year, according to Trade Registry data. more

13 nov 2013

A freight truck needs 18 hours to cross Romania from south to north and Bucharest remains disconnected from Europe in terms of infrastructure, says Stefano Arganese, chief executive officer of DHL more