{"id":123329,"date":"2016-06-12T00:00:00","date_gmt":"2016-06-11T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/travel-agencies-seek-to-establish-private-guarantee-fund-for-insolvency-protection\/"},"modified":"2026-03-28T17:11:52","modified_gmt":"2026-03-28T15:11:52","slug":"travel-agencies-seek-to-establish-private-guarantee-fund-for-insolvency-protection","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/travel-agencies-seek-to-establish-private-guarantee-fund-for-insolvency-protection\/","title":{"rendered":"Travel agencies seek to establish private guarantee fund for insolvency protection"},"content":{"rendered":"<div>The President of the National Association of Travel Agencies (ANAT), Alin Burcea, stated that travel agencies want to create a private guarantee fund so that tourists who have purchased vacations can be compensated in the event that the travel agency enters insolvency or bankruptcy.<\/div>\n<div><\/div>\n<div>The decision was made because insurance companies are not interested in covering the risk of insolvency for travel companies, Alin Burcea specified.<\/div>\n<div><\/div>\n<div>\u201cThe Guarantee Fund is the biggest challenge for travel agencies today. We have been looking for a solution for 3 years, we have spoken with almost all insurance companies, but they do not want to insure travel agencies,\u201d Burcea stated.<\/div>\n<div><\/div>\n<div>To this end, the association has hired Peter Barta, who is conducting a study and will produce a substantiation note by July 15, part of a normative act, which will subsequently be presented to the National Authority for Tourism (ANT) and the Ministry of Economy for approval.<\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.wall-street.ro\" data-wplink-url-error=\"true\">Wall-Street<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Why are travel agencies creating a private guarantee fund?<\/strong><\/p>\n<p>Travel agencies are pursuing a private fund because insurance companies are currently unwilling to cover the risks associated with agency insolvency or bankruptcy.<\/p>\n<p><strong>Who is leading the development of this fund?<\/strong><\/p>\n<p>The National Association of Travel Agencies (ANAT), led by President Alin Burcea, has hired consultant Peter Barta to draft the necessary framework.<\/p>\n<p><strong>When will the proposal for the fund be ready?<\/strong><\/p>\n<p>A substantiation note for the normative act is expected to be completed by July 15, after which it will be submitted to the Ministry of Economy and the National Authority for Tourism (ANT).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The President of the National Association of Travel Agencies (ANAT), Alin Burcea, stated that travel agencies want to create a private guarantee fund so that tourists who have purchased vacations can be compensated in the event that the travel agency enters insolvency or bankruptcy. The decision was made because insurance companies are not interested in&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2858],"tags":[],"thb-sponsors":[],"class_list":["post-123329","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\/123329","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=123329"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66165"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=123329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=123329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=123329"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=123329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}