7 nov 2012

Can-Pack Romania, the plant in southern Bucharest that makes 800 million cans for soft drinks and beer a year, will increase production capacity by 25% next year to meet rising demand. more

7 nov 2012

Dan Pascariu, chairman of the Board at Romanian state-owned airline Tarom, said Wednesday the company’s target is to cut losses by 30% in the coming year and increase turnover. more

1 nov 2012

Three of the 12 million passengers of Wizz Air travel to and from destinations in Romania, the country with the highest growth in the region for the airline. more

30 oct 2012

Former football player Gica Popescu says work on four-star hotel Courtyard by Marriott, initially scheduled to start in the second quarter of this year, has been postponed until spring of next year more

29 oct 2012

Cezar Scarlat, the head of the Romanian office of private equity fund Abris Capital Partners, which has recently bought the second largest domestic courier company Cargus International from DHL, said more

23 oct 2012

German Stefan Frank has become the new general manager of the five-star Intercontinental Hotel in Bucharest, which operates 257 rooms. more

19 oct 2012

Lebanese-born businessman Mohammad Murad, the chairman of the Perla Majestic tourism group, says he expects his hotels to generate EUR20 million this year, up 8% on 2011. more

15 oct 2012

Only two of the seven new members of the board of directors of Tarom have experience in the aviation sector, and only one of them worked for a private airline, although the law demands experience in more

10 oct 2012

Romanian entrepreneurs are trying to get a slice of the tens of billions of euros invested in preparation of the sports competitions to be organized throughout the world, after having noticed that more

5 oct 2012

Romanian Transport Minister Ovidiu Silaghi will soon choose the manager for state airline Tarom and members of the board of directors, after interviews for bringing private executives to run more

2 oct 2012

Ghaith al Ghaith, CEO of flydubai, the low-cost airline of the Dubai emirate, which on Monday entered the Romanian market with three weekly flights on the Bucharest-Dubai route, says the company’s more

7 sep 2012

The experience of tourists travelling from the airport to the city and back influences the perception of Bucharest and of the country, so all the details of a trip, including the transfer service need more

31 aug 2012

Natsuo Ameniya, ambassador of Japan to Romania, told Ziarul Financiar on Thursday that incidents such as the murder of the Japanese young woman, who was first accosted in Bucharest’s Otopeni more

23 aug 2012

Bookstore chain Diverta, which is in the process of judicial reorganization, ended the first half of this year with turnover of EUR7 million, down 22% against the similar period of last year. more

17 aug 2012

Josef Goschy, who owns 3,500 hotel rooms, says revenues collected by Unita Turism amounted to 30 million lei (around EUR6.7 million) between January and August, 15% more than in the similar period of more

15 aug 2012

State-run railway passenger carrier CFR Calatori sold 24 million tickets in the first six months of this year, down 13.7% on the similar period of last year and its turnover fell 7% to 763 million lei more

14 aug 2012

Demand for air taxi services fell 50% as some of the businesspeople and managers of large companies stopped going to meetings with rented helicopters, which cost no less than EUR800 per hour to rent, more

9 aug 2012

The total losses of the Romanian postal company in the past three years amount to 484 million lei (EUR106.6 million) and the company risks to collapse if its restructuring plan is not successful. more

19 iul 2012

Alexandru Dobrescu, general manager of the Romanian subsidiary of Air France-KLM, one of the largest traditional airlines, said this year’s target is to increase revenues by 8% after a 10% rise last more

17 iul 2012

Gabriel Popoviciu, who controls the Baneasa project and other important businesses in Bucharest along with Radu Dimofte, will invest EUR2.5 million in a new restaurant and in a spa center in the Parc more

16 iul 2012

Mircea Mihailescu, majority shareholder of Transport Trade Services (TTS), in which the investment division of the World Bank recently became a shareholder through a EUR12 million investment, has more

12 iul 2012

The private equity investment in Romanian Transport Trade Services (TTS) by International Finance Corporation - the investment division of the World Bank – brings to light the value of the local more

10 iul 2012

The deal whereby railroad car manufacturers Astra Vagoane Arad, Meva SA and Romvag Caracal were sold for EUR30 million comes after more than one year of negotiations and search for investors. more

6 iul 2012

State-run postal company Posta Romana is one step away from insolvency unless it goes through a deep restructuring of its activity, after it cumulated losses of EUR72 million in 2008-2010 and debts to more

6 iul 2012

Despite having received state subsidies of EUR1.6 billion in the past five years, state-run passenger railway carrier CFR Calatori is still unable to cover its costs from ticket sales, while passenger more