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
Marshmello, Pitbull, Shaggy and Don Omar perform at the Diriyah Music Festival in Saudi Arabia
Jazeera Airways launches flights to Karachi
Emirates expecting over 500,000 arrivals into Dubai by early September
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
The Buenos Aires Museum of Modern Art

The Buenos Aires Museum of Modern Art

Buenos Aires, Argentina

The Buenos Aires Museum of Modern Art is worth a visit while you are here. It boasts a large collection of art and is situated on the main street of San Telmo: 350 San Juan Avenue. Entry is free. Website: http://www.museodeartemoderno.buenosaires.gov.ar/ In the nighttime, this area comes alive with an underground dancing, restaurant and club scene. Some good Tango bars where they offer free cl...

Bali Orchid Garden

Bali Orchid Garden

Bali, Indonesia

A private garden about a hectare in size, it is open to the pubic for individual or group tours. Here you can tour the beautiful gardens full of different varieties of orchids as well as buy souvenirs flower boxes to take home, flower arrangements and cut flowers. A must-visit for all horticulture aficionados Timings: 9am to 6pm PT. Anggrek Anyar, Jalan Bypass Tohpati, Kusamba 1 Denpasa...

Museum of Contemporary Art (MOCA)

Museum of Contemporary Art (MOCA)

Los Angeles, United States

The museum was designed by Japanese architect Arata Isozaki and displays the works of several modern artists such as Piet Mondrian and Mark Rothko. The museum has a red exterior and inside, skylights dot the roof, allowing sunlight to illuminate the galleries. A fountain is also found in the courtyard. Address: California Plaza, 250 South Grand Avenue Tel: (213) 626 6222.  &nb...

Mulee Aage

Mulee Aage

Maldives, Maldives

The Mulee Aage was built by Sultan Shamsuddeen III for his son prior to the First World War. The house became government property when the sultan and his son were expelled in 1936. Mulee Aage was renamed the Presidential Palace in 1986 and was renovated to hold official events and to accommodate visiting Heads of States and other foreign dignitaries. However, in 1994, President Maumoon Abdul Gayoo...