10m euros for Touring Eurolines

Touring Eurolines Bucharest estimates to post 480,000 euro net profit in 2003, while turnover is projected to reach 9.6 million euros. The investments scheduled for this year are worth 800,000 euros, marketing manager Danut Tanase said. Touring Eurolines concluded 2002 with more than 387,000 euros in net profit and 7.8 million euros in turnover. The investments made by the company last year were in excess of 576,000 euros. “We will be spending some 500,000 euros this year to buy two coaches, 200,000 euros for fitting out a garage and 100,000 euros for computers and software,” Tanase specified. The tourism division of the agency registered some 5,000 incoming tourists in 2002 and expects their number to double this year. As for the transportation business, Touring Eurolines registered more than 250,000 passengers last year. The company is currently operating 55 coaches, 26 of which it owns and has 35 agencies opened in various cities across the country. ZF