The auction complied with the conditions and rules set out in the sales documentation and applicable legislation, and the VAT will be applied in accordance with the simplification measures regarding reverse taxation in the Fiscal Code, THR Marea Neagra said in a report submitted to the Bucharest Stock Exchange.
THR Marea Neagra, a traditional seaside operator resulting from the merger of several tourism companies in 2004 and listed on the Bucharest Stock Exchange, manages and owns accommodation and tourist service facilities in the resorts of Eforie Nord, Eforie Sud, Venus, Saturn, and Neptun. The portfolio includes two- to four-star hotels, restaurants, treatment centers, and leisure facilities such as water parks, on the Black Sea coast.
(English version by Loredana Fratila-Cristescu)