On February 25, the airline Ten Airways, owned by businessman Ovidiu Tender, filed for insolvency at the Bucharest Tribunal under an emergency procedure. The court hearing is scheduled for March 5. Additionally,…
Travel agency Christian Tour recorded sales of 52 million EUR in 2014, compared to 45 million EUR in 2013. For this year, it estimates it will record sales of 63 million EUR…
According to a report by the Central Bank of Greece, in 2014, foreign visitor arrivals increased by 23%, reaching a record level of 22 million. Tourism revenues rose last year by 10.6%,…
On February 25, the airline Wizz Air listed on the London Stock Exchange, with the company’s share price at 11.5 GBP per unit, giving the company a market capitalization of 601 million…
The American Village residential complex, located in Pipera, has entered bankruptcy and has been put up for sale for the sum of 9.3 million euros. This amount represents 35% of the debt…
The State Heritage Protocol Administration’s (RA-APPS) target for 2015 is to obtain 200 million lei from property sales, a higher amount than estimates made in recent years. However, RA-APPS has missed its…
The Spanish group Gran Via will deliver two buildings with 170 apartments by the end of May, as part of the Timisoara 58 project, located on the site of the former Frigocom…
A 5 million euro investment will be made by a Spanish company and a Romanian businessman in a residential project in the Popa Nan area of Bucharest. Construction on the Popa Nan…
Daniela Dumitrica, marketing director of Paralela 45, stated that the preferred destinations for Romanians for the Easter holidays remain Romania, Bulgaria, and Turkey this year as well. Additionally, Cyprus and Israel are…
Orbis Hotel Group, also present in Romania, recorded revenues of EUR 169 million in 2014, an increase of 3.1% compared to the previous year, and a net profit increase of 34.7% compared…