Bucharest Stock Exchange was opened for transactions at the end of November 1995. Since than 10 years have passed – and the end of November 2005 marked the first decade of Bucharest Stock Exchange contemporaneous existence. But the event passed almost unnoticed, not even a press release on...

The current financial crisis had an important impact on economies all over the world. Romania – one of the Eastern European countries, considered just one year ago to have a good growth potential – is also absorbing the shock waves of this crisis. As expected, the first to respond to those...

Hotel industry is an important component of travel and tourism (T&T) sector. However, less studies are dedicated to hotel industry than to the T&T sector as a hole. Even less studies are available on hotel companies or groups listed on stock exchanges around the world. The present study will...