5 feb 2013

The decision to buy Electroputere SA (EPT.RO)’s locomotive making unit and rolling stock repair company Reloc Craiova was made after a trip to China, businessman Gruia Stoica says. more

1 feb 2013

Businessman Gruia Stoica, owner of the largest private freight rail transport company in Romania GFR, bought the locomotive making unit of Electroputere Craiova and Reloc Craiova, a locomotive repair more

25 ian 2013

Businessman Valer Blidar, who owns the Astra Vagoane Calatori passenger rolling stock plant in Arad, said he has decided to terminate 400 contracts with small firms, with which he has worked for more

31 dec 2012

Three new hotels opened this year in Romania, following overall investments of more than EUR33 million over several years. more

23 dec 2012

airberlin, the second largest airline in Germany, will introduce daily Bucharest-Berlin flights as of January 28. The company had initially announced in November that it would operate flights to more

18 dec 2012

The year 2012 was very good, says businessman Ovidiu Tender, because it was a year when he made acquisitions and signed deals for geological exploration. more

5 dec 2012

Romanian industrialist Valer Blidar, known best as the owner of rolling stock maker Astra Vagoane Calatori, said he is not optimistic about 2013, but hopes it will be slightly better than 2012. more

30 nov 2012

A hundred years ago, Romania prided itself in being called “Japan of Europe”, in its well-developed banking system, in its leu which was as strong as the French and Swiss currencies and in a stock more

14 nov 2012

Five new hotels under development in Brasov, Constanta, Craiova and Bucharest and another two undergoing remodeling in Ploiesti and Sighisoara will soon operate under a Hilton group brand. more

13 nov 2012

Four-star hotel Cismigiu in central Bucharest, held by real estate developer Hercesa, will be able to receive its first guests next month, but the exact date for the opening has not been yet set, more

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