Reporter
Mirabela Tiron
- Fields
- Companies, Health, Analysis
- Writing for ZF since
- 2011
- Articles
- 460
Attila Verestoy Helped Cristian Burci’s Carriage Plants Resume Operations
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...
British Airways Sees Revenue Up 40% Driven By Flights To London And Transoceanic Trips
British Airways, which operates direct flights on the Bucharest-London route, boosted its domestic revenue by 40% in the first half of this year, amid rising sales of plane tickets to and fr...
GED Buys 30% In Continental Hotel Chain
Spanish-owned private equity firm GED, one of the most dynamic investors in the Romanian economy over the past two years, bought a 30% stake in the Continental hotel chain from Czech fund PP...
International Deliveries Help DHL Achieve 8% Growth In H1
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’ i...
Romanians Buy More Safes Amid Market Unrest
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, jewe...
Companies Controlled By Nelu Iordache See Business Shrink By EUR350M Due To Crisis
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 200...
Visoiu Set To Open Four-Star Ramada Hotel In Pitesti In September
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 car...
Ten Seaside Hotel Operators With 10,000 Rooms Barely Match Turnover Of Two McDonald’s Restaurants
The privatization of hotels on the Romanian Black Sea coast has had a paradoxical effect: lacking investments and efficient management, many hotels are empty.
Romania’s Two Largest Airports See Passenger Numbers Up 9%
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 simi...
Posta Romana CEO: There Are No Funds For Modernization
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 habi...
Acquisitions, Happy Tour’s Crisis Recipe
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...
Foreign Tourists’ Accommodation Expenses In Romania Equal A Mall’s Revenue
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 mi...