ORBIS: Another Commie business of Poland bites the dust

Varsovian 91 | 634

1 Oct 2010 / #1

Had to happen sooner or later.

Commie businesses are dominated by ... old Commies. Good at making contacts, bad at making money from established businesses. However, on their own Commies can really do well with their own businesses - I mean, look at Polsat.

aphrodisiac 11 | 2427

1 Oct 2010 / #2

so what happened to Orbis?

Have you noticed how many non-commine businesses have bitten the dust thus far?

Polonius3 980 | 12275

1 Oct 2010 / #3

Orbis was set up in Lwów in 1920 or thereabouts. Your line should have read: Another Polish brand bites the dust. LOT is not far behind because the Luftwaffe or Lufthansa or some other Heil Hitler outfit is already getting read to pounce on Poland's national airline.

skibum 8 | 62

1 Oct 2010 / #4

Founded in Lviv in 1920, Orbis Travel was one of Poland's biggest travel agencies, servicing more than a million clients annually.
In March 2010 PBP Orbis was sold by Orbis SA to Central European Tour Operator (owned by Enterprise Investors fund).

Orbis story here

pgtx 29 | 3094

5 Oct 2010 / #5

many companies will bankrupt because Orbis Travel owes them....

The collapse of Poland's Orbis Travel agency may entail bankruptcy of other companies - writes " Official Legal Newspaper " . Orbis Travel in arrears to contractors as much as 60 million. Among the creditors are airlines, hotels , transport and catering companies . Small businesses cooperating with the office threatened with bankruptcy.

At least 10 of the 30 companies coach , working with Orbis Travel , fell in trouble , because transport companies are paid only after the carriage. One of the carriers at the news of the fall of the agency told the driver of his coach immediately blow up tourists. This did not do it just because one of the passengers pay by credit card $ 12,000 for the onward journey.