Travel agency Christian Tour has concluded the largest insolvency insurance policy in the local tourism market, with a total coverage amounting to 3 million EUR. The company has annual sales to customers of approximately 85 million EUR.
According to available market data, the largest insolvency insurance previously held by a tour operator was 1 million EUR.
Additionally, Christian Tour has increased its share capital to 1 million EUR, even though the law requires tour operators to increase the value of their share capital from 200 RON, as it currently stands, to 25,000 RON.
Frequently Asked Questions
What is the value of Christian Tour’s new insolvency insurance?
Christian Tour has secured an insolvency insurance policy worth 3 million EUR, the largest in the Romanian tourism market.
What is the company’s annual sales volume?
The travel agency reports annual sales to customers of approximately 85 million EUR.
By how much did Christian Tour increase its share capital?
The company increased its share capital to 1 million EUR, far exceeding the legal requirement of 25,000 RON.