Companies
Light Fiscal Violations May Be Pardoned Earlier - Draft
Romanian companies that commit illegal acts which are not considered crimes and are punished only by a fine may request to have the act struck from their tax offense record after one year in...
Tiriac Family Creates Coat Of Arms For Their Business
Tiriac Holdings, the group of companies controlled by billionaire Ion Tiriac, an almost EUR1 billion business operating in automotive, real estate, financial and aviation industries, has sta...
Braiconf Sees Rising Productivity With One Third Of The Employees It Had Ten Years Ago
The situation of the textile industry in recent years is best reflected in the evolution of Braiconf, one of the oldest domestic brands: in 2005, shareholders complained about the high perso...
Number Of Hotels, B&Bs Up For Sale Down 70% In 2011, Price Tags Reach EUR15M
The number of hotels and bed and breakfasts put up for sale on the Romanian Black Sea coast and mountain areas declined 70% in the first half of the year compared to January, with prices var...
SSIF Broker Buys 10% In VES Sighisoara For RON0.8M
Romanian brokerage firm SSIF Broker (BRK.RO) on Wednesday bought a 10% stake in pots and stoves maker Ves Sighisoara (VESY.RO) for 796,000 lei (EUR188,000).
Romanian Tourists Can Benefit From Emergency Medical Care In Turkey As Of July 13
Romanian tourists who need emergency medical care while in Turkey can benefit from treatment in public hospitals in the country starting July 13, the Romanian Foreign Affairs Ministry said W...
Eurolines Romania To Take Over Local TUI Operations
Romanian tourism group Eurolines on Wednesday said it will take over the local operations of German group TUI and integrate the TUI-owned touroperator Danubius Travel.
Calipso Oradea Borrows EUR5.5M For Romania’s First DoubleTree Hotel
The shareholders of Romanian Calipso Oradea, which will open a DoubleTree by Hilton hotel this year, approved the contracting of two investment loans worth 4.3 million lei (EUR1 million) and...
Howard Johnson Hotel Business Remains At EUR4M In 1H
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.