Insurance News Archive

Romanian property boosted by new airline routes

Budget airlines easyJet and Wizz Air have expanded their services to Romania, in a move which could increase the attractiveness of its property to overseas investors.

A new route from Stelios Haji-Ioannou's easyJet airline will start in September, flying from Milan Malpensa to Bucharest Baneasa, while Wizz Air will base an Airbus A320 in Romania due to growing demand for flights.

Jozsef Varadi, chief executive of Wizz Air, said: "The enthusiasm of passengers in Romania for our service offering of young aircraft flying to attractive destinations at consistently low fares has encouraged us to dedicate an aircraft and open an operational base in Romania."

He added that the decision reflects the company's "significant growth plans" for the Romanian market.

Earlier this month Romania was named as an emerging property hotspot in Europe by the Global Property Guide and investment property company buyproperty4less recently highlighted the popularity of Romania by pointing out some 9,500 Brits have moved to the country.

22 Jun 2007