8 apr 2014

With only 645 kilometers of highway and the railway that is lacking in various respects, Romania could turn the Danube into its main access way into Europe, considering 40% of the navigable part of more

3 apr 2014

BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million). more

3 apr 2014

This year’s summer season is set to bring more flights to foreign, but also Romanian destinations, with state-owned Tarom, as well as low-cost carriers Wizz Air and Blue Air betting on new routes. more

2 apr 2014

Businessman Radu Enache, the owner of the Continental hotel chain, one of the largest in Romania, says he targets a 10% revenue growth this year from EUR21 million last year. However, Continental will more

1 apr 2014

Only 3.2% of the rooms in the hotels in Romania are rated five stars, half of which are in Bucharest, according to a ZF analysis based on the data supplied by the Tourism Ministry. Many big cities in more

28 mar 2014

In a world where trains easily go beyond 300 km/h in speed, in Romania, the speed of passenger trains reaches on average 45 km/h and high-speed rail is not expected to be built earlier than 35 years more

25 mar 2014

Carpatair, the private airline which went insolvent this year, no longer operates regular flights from Romania’s airports as the company’s reorganization plan has not been endorsed by creditors, more

23 mar 2014

Five large travel agencies operating on the Romanian market, Happy Tour, Perfect Tour, Eximtur, Aerotravel and Christian Tour, reached total revenue of around EUR200 million last year, according to ZF more

20 mar 2014

Romania can gain logistics business from Ukraine and Russia due to the turmoil in the region, because manufacturers want logistics hubs in stable areas as close to their markets as possible, according more

20 mar 2014

Polish state-run airline LOT Polish Airlines will introduce a third daily flight on the Bucharest-Warsaw route on March 30, taking the number of flights per week to 20 from the current 13. more

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