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/.
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
LIBERTY Galați, Romania’s largest steel producer, is undergoing significant leadership changes as part of its broader restructuring efforts aimed at improving operational performance. The company has initiated a global executive search to appoint a new permanent General Manager and has made several key interim and permanent leadership appointments. Radu Ionescu is stepping down as General […]
A major player in the private equity market in the Baltic region, the INVL Baltic Sea Growth Fund, announced on Monday, July 14, that it has completed the investment in Pehart Group, a leading producer of household and industrial paper products in Romania, a deal valued at EUR 150 million. With a 187-year tradition, Pehart […]
Cyclists will be able to cross the border between Romania and Serbia between July 26-28 on a 37-kilometer route that starts in Timișoara and follows the course of the Bega River to the Serbian border. The Otelec border crossing point will allow the cyclists to cross the border. The bike path will be accessible between […]
