10 aug 2011

A lot of things need to be changed at state-owned postal company Posta Romana, from the mentality of some employees who do not understand they work in a competitive environment, to work habits and more

5 aug 2011

In two crisis years, Spain-held private equity firm GED, which owns Romanian travel agency Happy Tour, signed three successive deals securing the development of an integrated business on the travel more

3 aug 2011

A number of 1.3 million foreign tourists stayed at least one night in a hotel or bed and breakfast in Romania last year, and the sum they spent on accommodation is put by ZF at EUR170-175 million, more

2 aug 2011

Bucharest’s Athenee Palace Hilton five-star hotel, owned by businessman George Copos, ended the first half of this year with 3% lower revenue from last year, operating at an average occupancy rate more

20 iul 2011

Five-star Howard Johnson Hotel in Bucharest posted EUR4 million revenue in the first half of the year, the same as in the first half of 2011, company officials told ZF. more

18 iul 2011

Five planes took off on Wednesday to Antalya from Otopeni airport and others to Rhodes or Tenerife, all of them charter flights through which Romanian tourists are carried to holiday destinations more

14 iul 2011

Madalina Cretu, Malev country manager for Romania and the Republic of Moldova, is set to leave this position on August 1, after having run the domestic operations of the Hungarian airline for seven more

12 iul 2011

Grup Feroviar Roman (GFR), the largest private railway operator on the Romanian market, controlled by businessman Gruia Stoica, ended the first six months with sales of 253 million lei (EUR59.8 more

6 iul 2011

French-held GeoPost, a subsidiary of the French postal service, is preparing to buy the remaining 20% stake in parcel delivery service provider DPD, which will give it full control of the company more

21 iun 2011

Romania’s state-owned postal company, with EUR327 million in turnover and EUR29 million losses last year, has terminated three contracts worth around EUR90 million in total, signed between 2006 and more

20 iun 2011

Seaside hotel operators are clinging on to their profits and selling holiday packages cheaper only if they include at least three nights’ stay, although increasingly more Romanians opt for two-day more

20 iun 2011

“What’s the euro/leu exchange rate?” are the first words that Aurel Pavel, owner of J’Info Tours travel agency, says to an assistant. The answer is prompt: nearly 4.18 lei to a euro. J’Info more

16 iun 2011

Low salaries and few employment opportunities are the main factors prompting Romanian pilots to seek work abroad, where an aircraft captain can earn as much as EUR10,000 per month and an entry-level more

13 iun 2011

A book now spends nearly six months on a shelf in a bookstore before it finds a buyer, as more and more Romanians choose to buy books sold at a discount from newsstands, hypermarkets or online. more

13 iun 2011

Investors on the hotel market have seen the last two years as an opportunity to develop new hotels, despite the drop in demand. more

8 iun 2011

State-held postal company Posta Romana ended last year with a loss of EUR29 million on a turnover of EUR327 million, after posting EUR43 million-loss in the preceding year, according to company more

8 iun 2011

Valer Blidar, founder of Banca Feroviara and owner of railway carriage maker Astra Vagoane Calatori, says he will invest EUR8 million to start streetcar production in Bucharest, having forged a more

3 iun 2011

Communications Minister Valerian Vreme has appointed Ionut Gogu, 31, to the Board of Directors of the Romanian state-run postal company Posta Romana, according to a document published by the company more

3 iun 2011

The reorganization of rolling stock manufacturer Meva, controlled by Cristian Burci, could be done based on the model of home appliances retailer Flanco, whose assets were taken over by an investor more

1 iun 2011

Although the trend of city breaks shaped up in the region several years ago, Bucharest is lagging way behind some capitals such as Budapest or Prague, which are attracting thousands of tourists every more