TOURISM
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Businessman Octavian Radu Buys 51% In Five-Star Ioana Hotels In Sinaia
Entrepreneur Octavian Radu who owns several businesses, among which bookstore chain Diverta and mailing company Pink Post, has bought the majority stake (51%) in a five star hotel and restau...
2019 in Review: Most Important Events in Tourism Sector
The tourism market keeps getting bubblier and bubblier, following the entry of Germany’s Dertour, which bought the travel division of Eurolines, the owners of Christian Tour will be operatin...
Dertour CEO: Romania Has Huge Potential for Travel
Dertour, the travel division of Germany’s Rewe group, took over Travel Brands, the company that handles the tour operator, business travel and incoming operations of Romanian Eurolines group...
Rewe Group Takes Over Eurolines Tourism Operations
Romanian tour operator Eurolines, owned by Dragos Anastasiu, will sell its tourism operations to DER Touristik Group, part of German group Rewe.
Romanian Tourism Association, 13 Agencies Fined EUR2.45M for Antitrust Practices
Romania's antitrust authority has fined 13 travel agencies and the country's national tourism association ANAT a total of EUR2.45 million for acting concertedly to keep vacation prices high.
Eurolines Owner Launches New Tour Operator, Seeks 40 Offices in Two Years
Businessman Dragos Anastasiu, owner of Eurolines Group, is developing a new tour operator, TravelBrands, and targets 40 offices in the next two years.
Romsilva Manages 100 Lodges That Generate A Mere RON2.5M Revenue A Year
The public corporation managing Romania’s forests, Romsilva, operates more than 100 forest lodges, which generated 2.5 million lei (EUR536,000) revenue in 2017, its officials said.
Romanian PM Announces 5% VAT For Accommodation, Restaurants And Theme Parks
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant services and theme parks, ensuring that the...
Romanian Government Transposes EU Package Travel Directive
Romania’s Government has passed an emergency decree on Thursday for providing 100% guarantees in the case of travel packages sold by tourism operators, transposing into law an EU directive o...