{"id":120832,"date":"2018-06-23T00:00:00","date_gmt":"2018-06-22T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/terra-tourism-travel-agency-announced-it-will-initiate-insolvency-proceedings\/"},"modified":"2026-03-28T10:03:35","modified_gmt":"2026-03-28T08:03:35","slug":"terra-tourism-travel-agency-announced-it-will-initiate-insolvency-proceedings","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/terra-tourism-travel-agency-announced-it-will-initiate-insolvency-proceedings\/","title":{"rendered":"Terra Tourism Travel Agency Announced It Will Initiate Insolvency Proceedings"},"content":{"rendered":"

On June 22, the Terra Tourism travel agency announced last night via email to its partners and clients that it can no longer fulfill its obligations to them and recommended they contact the insurer City Insurance.<\/p>\n

The agency’s representatives are not answering phone calls from either clients or ANAT representatives, who are trying to assess the level of damages.<\/p>\n

Terra Tourism, headquartered in Slobozia, also has an agency in Bucharest, and in 2017 it recorded a turnover of approximately 7 million RON and a net profit of 11,000 RON.<\/p>\n

Nicolae Demetriade, the president of ANAT, stated that he has repeatedly tried to contact Terra Tourism representatives, but they are nowhere to be found.
\nSource: Profit<\/a><\/p>\n

Frequently Asked Questions<\/h3>\n

What should Terra Tourism clients do?<\/strong><\/p>\n

Clients are advised to contact the insurer City Insurance to recover their payments, as the agency can no longer honor its obligations.<\/p>\n

Where is Terra Tourism based?<\/strong><\/p>\n

The agency is headquartered in Slobozia and also operates a branch in Bucharest.<\/p>\n

What was the financial status of the agency before insolvency?<\/strong><\/p>\n

In 2017, Terra Tourism reported a turnover of 7 million RON and a net profit of 11,000 RON.<\/p>\n","protected":false},"excerpt":{"rendered":"

On June 22, the Terra Tourism travel agency announced last night via email to its partners and clients that it can no longer fulfill its obligations to them and recommended they contact the insurer City Insurance. The agency’s representatives are not answering phone calls from either clients or ANAT representatives, who are trying to assess…<\/p>\n","protected":false},"author":0,"featured_media":67308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2858],"tags":[],"thb-sponsors":[],"class_list":["post-120832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/turism-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/120832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=120832"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/120832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/67308"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=120832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=120832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=120832"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=120832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}