The State Tourism Department has issued written warnings to 38 travel agencies because they do not meet a provision of the Law on Tourism requiring to keep equity capital of at least half of a company's authorised capital.
© DELFI / Valdas Kopūstas

The travel agencies have been warned that their licences will be revoked if they fail to regenerate their equity capital in within six months, i.e., by 24 May 2015.

Of the 38 enterprises, four travel agencies are licensed to carry out outbound tourism activities, 12 - outbound, inbound and local tourism, 3 - inbound and local tourism and 19 only inbound tourism activities.

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