On Monday, June 30, Slovak travel agency HappyTravel.sk was still selling holiday packages to Egypt and Turkey. Just one day later, on Tuesday, July 1, the company declared insolvency, meaning it can no longer meet its financial obligations.
Roman Berkes, CEO of HappyTravel.sk, also stepped down as president of the Slovak Association of Travel Agencies and Tour Operators (SACKA), according to Index magazine.
The agency specialised in holidays to Turkey and Egypt, two of the most popular destinations for Slovak tourists. The reason behind the sudden insolvency remains unclear.
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