4 iul 2012

The European Football Championship brought twice the number of customers a regular night would have on the outdoor terrace of the five-star JW Marriott Hotel in Bucharest and therefore higher revenue. more

3 iul 2012

The aircraft of low-cost airline Blue Air, controlled by businessman Nelu Iordache, flew to international destinations almost 92% full on average in the first half of the year. more

28 iun 2012

Lebanese businessman Mohammad Murad, the chairman of the Perla Majestic group operating in the Romanian tourism industry, will begin construction of a new hotel in the seaside resort of Navodari. more

27 iun 2012

Lithuanian-held developer Europa Group has completed a EUR12 million investment in Europa Royale, a luxury hotel in the Unirii area of Bucharest (center of the city). more

20 iun 2012

The leu's depreciation, the local elections and European crisis have caused stagnation of revenue for the Continental Hotels chain in the first half of 2012, says majority shareholder Radu Enache. more

14 iun 2012

Grup Feroviar Roman (GFR), the largest private railway freight carrier in the country, saw its net profit increase six-fold last year to 28.7 million lei (almost EUR6.5 million) and expects it to go more

12 iun 2012

The Antonescu family, which owns travel agency Marshal Turism, has invested EUR5 million into the latest five-star hotel in Bucharest, which it inaugurated on Calea Dorobantilor (central Bucharest) on more

25 mai 2012

Ruxandra Brutaru, who until last year ran the operations of state-run airline Tarom, has been appointed to the managing board of the largest Romanian travel agency, Happy Tour, according to market more

9 mai 2012

Emil Delibashev, commercial manager of British Airways for the Balkan area and Hungary, which operates non-stop flights on the Bucharest-London route, says revenues from the sale of airplane tickets more

19 apr 2012

The five-star Crowne Plaza Hotel in Bucharest, owned by businessman George Copos, applied for a downgrade to four stars, which will allow it to host events organized by pharmaceutical companies, more

18 apr 2012

Portugal’s national airline, TAP, which carries 9 million people a year, will enter the Romanian market with three flights a week on the Bucharest-Lisbon route as of June 30, a niche where it will more

12 apr 2012

Air One, the low-cost unit of regular airline Alitalia, will enter the Romanian market on July 1 when it starts offering two flights a week on the Bucharest-Venice route, according to the company’s more

11 apr 2012

Chinese investors will complete a EUR15 million investment in a brick plant in Constanta County (SE Romania), the only greenfield manufacturing investment ever made by a Chinese-held company on the more

6 apr 2012

Almost half the 9,300 jobs created last year as a result of new investment, both domestic and foreign, were recorded in five Romanian counties: Timis, Satu Mare, Prahova, Tulcea and Caras Severin. more

5 apr 2012

Over 100 bankers, lawyers, consultants and businesspeople on Wednesday attended the launch of the sixth edition of the Top Transactions yearbook, organized by Ziarul Financiar, and the debates more

28 mar 2012

Spanish private equity firm GED, one of the most active investors in the tourism industry in the past few years, bought Duke hotel in Piata Romana square in central Bucharest, as well as an almost more

26 mar 2012

The money spent by the Ministry of Regional Development and Tourism from 2009 through 2011 in order to develop tourism and get foreigners to come to Romania made no impact on the economy. Central bank more

22 mar 2012

The about 14,000 passengers arriving on or departing from Romania’s largest airport, Henri Coanda (Otopeni), will be joined by an average of 6,600 people daily from March 25, after the relocation of more

19 mar 2012

Electronic books and significant discounts offered by publishing houses on their websites have become ways to drive sales of books weakened by the difficult economy and by the dwindling income of book more

16 mar 2012

Poor management, the administration's lack of interest and the reduced investments in infrastructure have thrown railway companies CFR SA, CFR Marfa and CFR Calatori into a hole of cumulated losses of more

14 mar 2012

Carpatair, the Romanian airline controlled by businessman Nicolae Petrov, carried 550,000 people last year, down about 2% on 2010. more

5 mar 2012

As of March 25, all 70 flights operated from the Baneasa Airport will move to the Otopeni Airport. What will happen to the 200 hectares of airport land worth one billion euros? more

1 mar 2012

The largest airport in Romania, Henri Coanda (Otopeni), will see passenger traffic increase by 45% to 47% as of March 25, when all the low-cost flights currently operated from the Baneasa Airport in more

24 feb 2012

There are 80 event rooms in the five star hotels in Bucharest, which can accommodate 12,000 people together. Most of these rooms have been renovated over the last three years, and required hundreds of more

15 feb 2012

Valer Blidar, one of the leading Romanian industrialists, who controls railway car producer Astra Vagoane Calatori and founder of Banca Comerciala Feroviara, has won a EUR100 million contract at an more