Slovak Travel Agency Solvex Shuts Down After 26 Years, Second Collapse This Year
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Slovak travel agency Solvex has declared insolvency and ceased operations after 26 years in business, becoming the second travel company to collapse in Slovakia this year. The agency cited rising operating costs and geopolitical tensions as the primary reasons for the closure. The failure follows the recent collapse of Happy Travel, another Slovak travel agency that went under earlier in 2025. The back-to-back failures signal growing financial pressure on the Slovak travel industry, which has been struggling with increased costs and uncertain demand linked to broader geopolitical instability in the region.