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

12 sep 2013

The government spends EUR1 million to EUR2.8 million a year to treat people bitten by stray dogs in Bucharest. more

10 sep 2013

The Henri Coanda International Airport in Otopeni, Romania’s largest airport, served 3.5 million passengers in the first half of 2013, about 1% more on the year. more

6 sep 2013

Beer and soda can plant Can-Pack Romania, a barometer of the consumption of alcoholic and non-alcoholic beverages, ended the first half with about EUR37 million revenue, up 5% on the year-ago period. more

28 aug 2013

FAN Courier, the largest Romanian-owned parcel delivery service on the local market held by Adrian Mihai, Neculai Mihai and Felix Patrascanu, is now delivering 65,000 parcels a day, 10% more than last more

26 aug 2013

Shopping complex Doldora Bazaar in southwestern Bucharest, developed by former footballer Gica Popescu and two business partners, went insolvent and has recently closed after reality proved initial more

9 iul 2013

Romania’s Tourism minister has organized trips to promote Romania for ambassadors, representatives of the World Tourism Organization, foreign and Romanian journalists, but the country does not have more

4 iun 2013

The largest travel agencies in Romania budgeted rising revenue for this year, which means Romanians are traveling more. more

27 mai 2013

Romanian businessman Octavian Radu, the founder of bookstore chain Diverta, said he is in talks with an investor to sell Diverta, but the “door is still open” for other offers. more

15 mai 2013

The Transport Ministry will on Wednesday have the shortlist of companies that remain in the race for buying the majority stake in state-run CFR Marfa, the largest railway freight transporter in more

18 apr 2013

Businessman Dan Adamescu, Mirica Dumitrescu - owner of Romanian airline Medallion Air, which operates charter flights, an investor from Doha, a representative of an Italian-based airline and a law more

9 apr 2013

Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public money more

28 mar 2013

Cismigiu Hotel in Bucharest, a 1912 landmark building of the city, is on schedule with its revenue target for the year, general manager Georgeta Grecu says. more

8 mar 2013

Low cost airline Wizz Air, the largest on the Romanian market by number of passengers, hopes to carry more than 3 million people to and from Romania in 2013, compared with 2.76 million last year. more

7 mar 2013

Emil Delibashev, head of British Airways for the Balkans and Hungary, said Romanians’ ticket reservations for non-stop flights to London and for transatlantic flights to the US and Canada boosted more

25 feb 2013

Can-Pack Romania, the local division of Polish Can-Pack Group, will produce one billion cans of beer and soda in 2013, up 25% from the previous year. more