The Pakistan Airport Authority (PAA) on Tuesday extended its airspace ban for Indian aircraft for another month until May 24, marking a year of flight restrictions on India’s airlines. “Pakistani airspace will remain closed to Indian-registered aircraft, or Indian airlines/operators (including military flights),” a PAA Notice to Airmen (Notam) said. “This ban will now be effective till May 24, 2026 at 4:59am.” Pakistan’s airspace is divided into two flight information regions (FIRs) — Karachi and Lahore, according to a Pakistan Civil Aviation Authority (PCAA) document from 2022. The Notam applies to both the Karachi (OPKR) and Lahore (OPLR) FIRs. The Notam issued by Pakistan for barring Indian flights in its airspace till May 24, 2026. — PAA website The previous extension was set to expire on April 24. India and Pakistan have closed their airspaces to each other’s airlines since late April 2025, when tensions between them escalated in the wake of a deadly attack in Indian-occupied Kashmir’s Pahalgam. On April...
Real estate developer Speedwell is launching a residential project in Corbeanca, on the banks of Ostratu river, an over EUR135 million investment set to be developed on around 14 hectares and comprise about 200 villas.
A 12-bank European consortium led by Qivalis is partnering with Fireblocks to develop a regulated euro stablecoin under MiCA, targeting launch in the second half of 2026. A consortium of 12 European banks led by Qivalis has selected digital asset custody provider Fireblocks to provide infrastructure for a Markets in Crypto-Assets Regulation (MiCA)-compliant euro stablecoin, according to a Tuesday release shared with Cointelegraph. Qivalis’s stablecoin is intended to support institutional use cases such as settlement, treasury and tokenized assets. Fireblocks said it will provide tokenization technology, wallet infrastructure, custody, and other important tools and features to support compliance, such as identity verification and sanctions screening. Qivalis, launched in 2025, is a Netherlands-based venture backed by major banks including BBVA, BNP Paribas, ING and UniCredit, which plans to issue a fully regulated, 1:1-backed euro token structured as an electronic money institution under Dutch supervision. Th...
Staer International, the company that owns furniture stores under Staer brand, reported RON83 million turnover in 2025, down 5.6% from 2024.
Romanian thermostat and gas detector producer Homplex, founded in 2013 by entrepreneurs Bogdan and Tudor Panainte, has for 2026 budgeted turnover worth RON70 million (around EUR14 million), up around 23% from 2025, in line with ZF calculations based on company data.