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

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