Real estate developers are turning their attention to the Basarab Overpass area to build new real estate projects, following the model of those in the north of the capital, built around the…
Last year, the Traian Vuia International Airport in Timisoara recorded a traffic of 735,469 passengers, an increase of 4.8%, across 10,293 flights, 1,000 fewer than the level recorded in 2013. Although the…
The Minister of Public Finance, Darius Vâlcov, has proposed modifying the “First Home” (Prima Casă) program so that those who have already purchased a home can buy a larger one, provided they…
On January 14, the Government approved the reduced VAT rate of 9% for accommodation services with half-board/full-board/all-inclusive. The estimated budgetary impact for this year is 100 million RON. "In order to apply…
Bran Castle visited by over 560,000 tourists in 2014 In 2014, Bran Castle was visited by over 560,000 tourists, 8% more than in 2013, the majority being foreigners, stated Alexandru Priscu, a…
Last year, the low-cost airline Wizz Air transported 15.8 million passengers, recording a 17% increase compared to 2013. At the end of the year, the company operated flights to 106 destinations in…
Between January 1 and November 30, 2014, compared to the period from January 1 to November 30, 2013, the volume of construction work decreased, both as a gross series and as a…
Low-cost airline Blue Air will open its second external operational base in Cyprus, following Cyprus Airways’ announcement of liquidation starting February 9. Thus, starting January 19, Blue Air will operate two new…
Starting February 9, the Cypriot national airline Cyprus Airways is set to enter liquidation and suspend its operations. Passengers who have purchased tickets for Cyprus Airways flights will be redirected to other…
Seaside hoteliers summoned to pay retroactive taxes, potentially affecting this year’s summer season
Over 70% of hotels on the coast risk remaining closed this summer because owners cannot pay building taxes retroactively, the calculation of which has been interpreted tendentiously by mayors in recent months.…