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

12 nov 2013

Bucharest’s five-star hotels want to accommodate over 1,500 guests in their restaurants and event halls for the New Year’s Eve party. Prices start from 200 lei (EUR45) per person and can reach up more

7 nov 2013

Five-star hotel Athenee Palace Hilton, held by Romanian businessman George Copos, has a new general manager - Jan Thomsen - with more than 27 years’ experience in the hotel industry. more

4 nov 2013

The Howard Johnson hotel in Bucharesthas asked to be downgraded from five to four stars in order to be able to host events organized by pharmaceutical companies. The latter decided last year to no more

1 nov 2013

Romanian state-run airline Tarom, where private management was introduced in November last year, is recruiting a new CEO, as well as a new Financial Officer, Commercial Officer and Operating Officer. more

1 nov 2013

Josef Goschy, owner of hotel chain Unita Turism, which has 25 hotels across Romania, says his three-star hotel Egreta in Tulcea (harbor in SE Romania) is working almost at full capacity after it more

24 oct 2013

Businesspeople in Romania have started to draft next year’s budgets for their companies, but they cannot use the country’s 2014 draft budget as reference point because the latter will be finalized more

21 oct 2013

Eximtur Cluj, one of the largest travel agencies in Romania, registered a turnover of 135 million lei (some EUR30 million) in the first nine months of 2013, up a mere 1% from the same period in 2012. more

15 oct 2013

Dunca Expeditii, one of the largest trucking companies in Romania, will end the year with EUR36 million revenue, up 10% on 2012, while net profit would be lower because of the fuel price hikes, more

8 oct 2013

Five star seaside Rex Hotel in Mamaia (SE Romania) should reopen next year, after a EUR3.5 million renovation and a further EUR5 million upgrade investment, owner Carmen Adamescu says. more

2 oct 2013

Bookstore chain Diverta has closed down 36 units since becoming insolvent in 2010 and is now left with 26 stores. more

30 sep 2013

Romanian businessman George Copos plans to invest EUR5.4 million in his tourism business in 2014. more

24 sep 2013

Unknown Properties Limited, registered in Cyprus, bought for EUR13 million the 35% stake that bankrupt ONT Carpati held in Societatea Companiilor Grand (SCH Grand), the owner of five-star hotel JW more

17 sep 2013

Romanian industrialist Valer Blidar, owner of passenger railcar maker Astra Vagoane Calatori, says 2013 will be a much better year for his business than 2012, when “his company was barely more

16 sep 2013

Results registered by the Romanian state-owned airline Tarom are in line with those stated in the company’s management plan and passenger numbers rose 6% in August, according to Christian Heinzmann, more

13 sep 2013

London-based ING Corporate Finance, the financial consulting division of Dutch group ING, will help Grup Feroviar Roman (GFR) get financing to buy 51% in freight railway carrier CFR Marfa, according more