One of the top 15 tour operators in Romania, Mareea, filed for insolvency on Friday, September 2, due to cash-flow issues. About 1,100 of the companys clients, who had paid for holidays, will not be served, according to Romanias National Tourism Authority ANT.
The total value of the contracts that Mareea cant honor is EUR 460,000, some EUR 285,000 of which are liabilities to suppliers, according to ANT.
Mareea announced its insolvency through a message posted on its website and on Facebook on Saturday. According to the announcement, none of the clients who had holidays booked after September 4 will be served.
The company informed its clients that they can go to local insurer Generali to recover their money. However,…
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