General Travel News

Remember the Drachma?

The economic problems currently being faced by Greece may result in the country pulling out of the EU and re-establishing its old currency - the drachma - instead of the euro. Banks in Europe are scrambling to make provisions for such an eventuality. Recently, the leading German travel operator TUI sent out letters to hotels in Greece asking them to renegotiate their rates in drachmas to avoid losses in case Greece pulls out of the euro.

But currency woes are not limited to Greece. On November 24, the credit rating agency, Moody's, downgraded Hungary's ratings to "junk" - and the value of the Hungarian currency - the florint fell by 6% to 238 Florint per US$. Although Hungary is part of the European Union, it has not yet integrated its currency with the Euro. Another ratings agency, Fitch, declared on Friday, Nov 26, that Portugal's government bonds were worth "junk" exacerbating the already difficult economic scene in Europe.

Italy lost its Prime Minister Berloscuni due to their economic woes while Spain and Belgium are also facing similar problems.

If Greece starts using the drachma, travelers will benefit from lower prices and Greek tourism may see a big inflow of tourists.

More General Travel News
Saudi Arabian Airlines wins best stand design award at Arabian Travel Market 2022
flydubai to operate some flights from Dubai World Central during runway refurbishment project at Dubai International
South Korea Pavilion among top five at Expo 2020 Dubai
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Changi Memorial and Chapel

Changi Memorial and Chapel

Singapore, Singapore

The place reminds one of the mass scale destruction caused by the WWII through various drawings, pictures and other sundry illustrations. The centerpiece of this historic site is the duplicate copy of the Changi Chapel which has always been considered a symbol of strength and courage for the people of Singapore. Along with this, the place also displays some of the ammunition and artillery which wa...

Naschmarkt

Naschmarkt

Vienna, Austria

Vienna's most popular market, specializing in fresh fruit and vegetables, herbs, cheese, baked goods, and meat. Also has a lot of small restaurants. Every Saturday, a bustling flea market is held....

Cradle of Humankind

Cradle of Humankind

Johannesburg, South Africa

This 117,000 acre piece of land has been declared a UNESCO World Heritage Site in 1999 and is home to several limestone caverns and was once home to the Mrs. Ples, the first southern 'Ape-Man' or Australopithecus skull to be discovered, along with a 3.3 million year old hominion skeleton. The site consists of Sterkfontein Caves, Swartkrans and  Kromdraai. The environs also contains the Rhino...

Art Gallery of Ontario

Art Gallery of Ontario

Toronto, Canada

The Art Gallery of Ontario houses the works of world famous artists like Pissarro, Monet, Boudin, Sisley, Renoir, Waterhouse and Picasso. Local artists like Tom Thomson, F. H. Varley, and Lawren Harris. As well as modern artists like De Kooning. The Henry Moore Sculpture Centre is another reason to visit here. Timings: Daily 10AM-5:30 PM Admission: C$ 18 [Adults] C$ 10 [Children] Address:...