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.
Romania has dropped to 55th place in the 2025 World Press Freedom Index published by Reporters Without Borders (RSF), down from 49th last year. While the country has a diverse and relatively pluralistic media landscape, the report highlights concerns over a lack of transparency regarding media financing, particularly political party funding, and market challenges that […]
The ninth edition of the American Independent Film Festival (AIFF), which focuses on independent, North American productions, is scheduled to take place between June 6 and June 12 in Bucharest, and between June 13 and June 14 at Bran Castle. The event also plans screenings in other cities in the country, including Cluj, Iași, Timișoara, […]
Raphael’s famous painting Young Woman with Unicorn will be exhibited at the Brukenthal National Museum in Sibiu in 2027, marking the first time the masterpiece will be shown in the country. The exhibition is part of a broader collaboration between the Brukenthal Museum and major European institutions, including the renowned Galleria Borghese in Rome. Following […]
The World Press Photo exhibition is back in Bucharest, opening on May 2 in University Square, where it will remain on display until June 2. The open-air exhibition is free to visit and showcases some of the most striking and emotional images captured by photojournalists over the past year. This year’s edition marks the 70th […]
The city of Timișoara, western Romania, has signed new contracts for European Union funding that will help modernize its public transport system. Nearly RON 180 million in non-refundable EU funds have been secured to purchase 40 new vehicles, including trams, electric buses, and trolleybuses, the City Hall announced. The funds were granted through the Regional […]
The High Court of Cassation and Justice (ICCJ) has issued final prison sentences in a high-profile sexual abuse case involving former clergy from the Orthodox Church. On Wednesday, April 30, the judges upheld the eight-year sentence for former bishop of Huși, Corneliu Onilă, and sentenced former archimandrite Sebastian Jitaru to 14 years and two months […]
