11 iun 2014

Romania’s state-run airline Tarom, placed under private management at the end of 2012, ended last year with a net loss of 130 million lei (around EUR30 million), down by RON100 million from the more

6 iun 2014

Businessman Valer Blidar, who owns Arad-based railcar plant Astra Vagoane Calatori, says the company ended the first quarter of this year with profit worth 38 million lei (EUR8.6 million), after the more

3 iun 2014

Something that should have helped state-owned companies achieve efficiency, the ‘Private sector CEO for state-run companies” project, turned out to be just an instrument for political interference more

2 iun 2014

The number of Italian companies investing in Romania is on the rise and the stability of the economic environment is essential to attract even more firms, said the Italian Ambassador to Romania, Diego more

30 mai 2014

The load factor on Bucharest-Tulcea route, operated only by TEN Aiways airline, stood at 35-40% on the first flights, which is “encouraging”, states Catalin Butu, general manager of the airline. more

28 mai 2014

Express courier service and logistics company DHL Romania held by Deutsche Post ended 2013 with EUR50 million revenue, up 19% on 2012. more

27 mai 2014

Privately managed state-owned airline Tarom carried 2.1 million passengers last year, compared with 2.19 million in 2012, even though the target in the management plan approved early last year was 2.3 more

20 mai 2014

Romanian courier services provider Urgent Curier, controlled by Corina and Sebastian Balasescu, ended 2013 with 28% higher revenue in lei against 2012, fueled by the growth of online sales. more

20 mai 2014

Continental Hotels, one of the biggest hotel chains in Romania, stayed in line with the forecasts in the first three months, as its revenue went up 10%, the growth pace predicted for the entire year, more

14 mai 2014

Only one month from his appointment as general manager of freight rail carrier CFR Marfa, Dan Valentin Belcea, the second private sector manager of the state-owned company announced his resignation by more

14 mai 2014

Bucharest’s Cismigiu hotel, a monument building of the city, opened in late 2012, ended the first three months of this year with an average occupancy rate of 56%, from the 38% reached in the same more

9 mai 2014

Consumption of hygienic sanitary paper in Romania has stalled in the past two years at 108,000 tons, or 5.5 kg/capita, after production doubled in the 2004-2010 period amid investments of domestic more

8 mai 2014

Sibiu-based Atlassib company, Romania’s biggest international road passenger transport operator, carried 150,000 passengers in the first quarter of 2014, 3% more compared to 2013, and its revenue more

7 mai 2014

State-owned CFR Calatori, the largest railroad passenger carrier in Romania, ended last year with an operating loss estimated at 390 million lei (EUR88 million), from about RON537 million in 2012, more

7 mai 2014

Insolvent airline Carpatair, which no longer operates regular flights from Romanian airports, signed a contract with Polish tour operators for flights on the Lublin (Poland)-Rome (Italy) route, with a more

5 mai 2014

The companies that own five-star hotels InterContinental and Radisson Blu of Bucharest, switched into the black in 2013 after having reported losses for the past five years (excepting 2011 in the case more

1 mai 2014

Bucharest’s five-star hotel JW Marriott, the second largest luxury hotel by number of rooms, ended the first quarter of this year with flat revenue against the same period of 2013, according to the more

1 mai 2014

Luxury hotels of Mamaia, Romania’s most popular seaside resort, will operate at full capacity during the May 1 holiday. The tariff of three-night stays at a five-star hotel starts from EUR300 for a more

29 apr 2014

Rail freight carrier DB Schenker Rail Romania, part of the German Deutsche Bahn group, ended last year with EUR27 million revenue, up 35% on 2012, according to company officials and ZF calculations. more

17 apr 2014

The Romanian spa market amounts to EUR6 million and it has numbered 140,000 clients. Most spas can be found in five-star hotels, but there are also several independent spa centers. more

15 apr 2014

Emirates, headquartered in Dubai, designated as the airline of 2013, is the foreign-held airline boasting the highest number of Romanian employees, according to market data, and is now readying to more

10 apr 2014

Oradea-based freight transporter Frigoexpress, which went insolvent in August 2013, cut its headcount and gave up 50 trucks as part of the restructuring process. more

10 apr 2014

Poiana Alba Turism company, controlled by the stakeholders of bakery producer Farinsan Giurgiu, will start, in June, building a 5-star Ark hotel in Poiana Mica (at the Poiana Brasov entryway), in the more

9 apr 2014

A five-night stay in a seaside hotel in peak summer season costs about EUR600 in a five-star hotel in Mamaia (Palm Beach, all inclusive), while in Golden Sands, Bulgaria, it costs a little more than more

9 apr 2014

All the 16 international airports of Romania reported aggregated traffic of 10.7 million passengers in 2013, almost similar to previous year figures and just 6.6% more than in 2010, according to data more