TUI Poland travel agency, part of the German group bearing the same name, the biggest travel group in the world, will come to Romania, either by opening a branch or by purchasing a player in the local market, sources informed Profit.ro. TUI Poland has been testing the local market for some time, according to Profit.ro, and was interested in taking over the agency network TUI Travel Center Romania, which was sold to Christian Tour last year. Industry sources show that TUI Poland is in due dillingence with Paralela 45 agency. Contacted by Profit.ro, Alin Burcea, the owner of Paralela 45 says that “at present there is no serious sales negotiation for Paralela 45.” “There have been talks for several years, but there was nothing serious,” Burcea added. Contacted by Profit.ro, TUI representatives have not made any statements. In December, Profit.ro announced that market players said that Alin Burcea, the founder of Paralela 45 travel agency , among the biggest according to the business figure, had concluded financial negotiations for selling the company for 16 million euros. Burces denied then, when contacted by Profit.ro, that such a deal had been reached. TUI Group is a world leader in the travel industry. It now has 1,200 international agencies, a fleet of 130 airplanes, over 400 hotels and 18 cruise lines. The group includes 5 air companies – TUI Airways, TUI Fly, TUI Fly Belgium, TUI Fly Netherlands and TUI Fly Nordic. TUI is listed at Frankfurt and Hanover stock exchange, included in FTSE 250 index. Set up three decades ago, Paralela 45 is one of the most longlasting travel agencies in the local market, one of the biggest according to the business figure, of 50.6 million lei in 2023, on the rise by 15% against the previous year. The net profit of the company was 6.3 million lei in 2023, 66% more than in 2022. To know more about the offer you can find on https://www.tui.co.uk/.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
