One of the most coveted plots in Bucharest has been sold for 4 million euros. Located near the Romanian Athenaeum, the site of the former Cina restaurant is set to host a…
With the New Fiscal Code, significant changes regarding property taxes and duties have come into effect. The provisions will apply from the first day of next year, but local councils should have…
The total number of non-residents staying in collective tourist accommodation structures in the third quarter of 2015 was 778.1 thousand, and their total expenditures amounted to 1,775.8 million RON. The main reason…
The national airline TAROM estimates that this year it will reduce its losses to 49 million RON, from 110 million RON in 2014, and is considering streamlining the staffing scheme by reducing…
Bucharest will continue its development at the same pace, according to the same urban planning rules. The General Urban Plan was extended today by another three years, being valid until the end…
The new taxation system for restaurants and hotels will no longer be applied from January 1, 2016, but at the earliest from the spring of next year, possibly from March, because the…
Eturia travel agency, specialized in personalized vacations in distant destinations, estimates a 40% increase in requests for wellness & spa holiday packages over the next 2 years. The operator’s programs offering Wellness…
French group Accor has agreed to acquire the Canadian company FRHI Holdings, owner of the Fairmont, Raffles, and Swissotel hotel brands, in a transaction valued at $3 billion, becoming the world’s largest…
The International Air Transport Association (IATA) has upwardly revised its estimate for airline industry profits in 2016, amid increased travel demand and cheaper fuel. Thus, IATA estimates that next year, airlines worldwide…
Starting March 27, the low-cost airline Ryanair is introducing daily flights on the Bucharest – Athens route. In the summer schedule, Ryanair will operate flights on a total of 9 routes from…