The company has filed for bankruptcy in the South Karelia district court on February 1. The company’s debts are many times greater than its assets.
Lappeenranta-based travel company Saimaa Travel, which specializes in trips and cruises to Russia, is filing for bankruptcy.
The company has filed for bankruptcy in the South Karelia district court on February 1.
According to the application, the company is unable to fulfill its obligations due to the loss of business. The company’s debts are many times greater than its assets.
The company has approximately EUR 260,000 in debt and EUR 3,000 in assets.
With the closing of the eastern border, its effects
Saimaa Travel was founded in the 1990s. The company has, among other things, organized cruises from Saimaa to Vyborg.
The corona pandemic closed the eastern border in 2020, after which the company focused on cruises and other tourism services in the Saimaa region.