9 sep 2011

Attila Verestoy, one of the richest members of Parliament, is in the process of becoming the king of freight cars. He will take over 50% in the three plants owned by Cristian Burci, which are part of more

8 sep 2011

Passenger traffic through the five largest airports in Romania rose by 5% in June, July and August. more

7 sep 2011

Antonio Nitu, general manager of travel agency Aerotravel Lufthansa City, owned by Mihai David, said the company’s sales rose by 25% in the first half, above expectations, but on the rumors related more

2 sep 2011

The three train carriage manufacturing plants of the IRS group controlled by Cristian Burci, whose reorganization plan was approved several months ago, have resumed operations after finding financial more

31 aug 2011

DHL International, the market leader on the international delivery services segment, saw its revenue go up by 8% in the first half of this year, partly because its 2,000 corporate clients’ include more

26 aug 2011

With the current market turmoil, demand for safes has gone up by 15% since the beginning of the year, as people are more inclined to see them as a way to protect their valuables (money, jewelry and more

26 aug 2011

The group of companies controlled by businessman Nelu Iordache, with operations in constructions, air transport (Blue Air) and agriculture, went from turnover of around EUR660 million in 2009 to more

23 aug 2011

Businessman Valentin Visoiu, who has developed over 1,000 housing units in Bucharest through Conarg Construct, will open the four-star Ramada hotel in Pitesti, a EUR20-million investment carried out more

19 aug 2011

The privatization of hotels on the Romanian Black Sea coast has had a paradoxical effect: lacking investments and efficient management, many hotels are empty. more

12 aug 2011

The two largest airports in Romania, Bucharest’s Henri Coanda (Otopeni) and Aurel Vlaicu (Baneasa) had 3.4 million passengers in the first six months of the year, up by around 9% on the similar more

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