The Minister of Transport, Infrastructure, and Communications, Lucian Bode, announced on April 8 that discussions have been initiated with the European Commission for aid dedicated to compensating for the effects of the…
Tourism, Hotels, Restaurants Marea Neagra restricted its activity starting March 17, 2020, following decisions made by authorities in the context of the coronavirus pandemic, which led to a decrease in revenue of…
On April 8, the TUI group announced that it signed an agreement with the German government for a 1.8 billion EUR loan, in order to cope with the crisis caused by the…
Austrian Airlines is in negotiations with the Government regarding state aid between 500 and 800 million EUR to save jobs and keep Vienna as a transfer hub for long-distance flights, the Austrian…
Coronavirus pandemic interrupted at least 5 major hotel transactions in Bucharest The coronavirus pandemic interrupted, in Bucharest alone, more than five major hotel transactions that had reached the final negotiation phase, with…
The American company Airbnb, operator of the eponymous accommodation booking platform, has attracted a $1 billion investment from Silver Lake and Sixth Street Partners, funds that will be used to finance current…
The unemployment rate in hotels and restaurants has reached 60% and risks climbing to 90% in the coming period, given current conditions, estimate representatives of the Federation of Romanian Tourism Employers (FPTR).…
Global airlines cannot afford to refund the cost of tickets cancelled due to the crisis caused by the coronavirus pandemic, stated the Director General of the International Air Transport Association (IATA), Alexandre…
In March of this year, the airline Blue Air requested a rescue loan in the form of a preferential interest loan granted in a major crisis situation. Company representatives claim that, in…
The Minister of Public Works, Development and Administration, MLPDA, Ion Stefan, stated that by April 15th at the latest, the order to start work on the Constanta Casino will be issued, given…