The Vega Hotel, emblematic for Romanian luxury tourism, has filed for insolvency, having debts of 42.3 million lei and significant financial losses.

The company that manages the Vega hotel in Mamaia, known for its connections to Romanian cinema, has filed for insolvency due to total debts of 42.3 million lei. In recent years, the hotel has recorded increasing losses, with a declining turnover. Owned by Gabriel Comănescu, the hotel, built in the 1970s, was a symbol of Romanian tourism but has suffered a significant decline in recent decades.