The debts owed to the Treasury by Romaero, a strategic state defense company specializing in aeronautics and insolvent since January, will be assumed by the Authority for the Administration of State Assets (AAAS). This institution, which operates under the Ministry of Economy and is the majority shareholder of Romaero, will take on the debts following a government decision today. The goal of this measure is to attract investors to the company. The procedure as such, which is applicable to all state companies insolvent, bankrupt or in preventive arrangement, was recently regulated by emergency ordinance. The budgetary claims held by ANAF on Romaero, to be transferred to AAAS, currently amount to more than 466 million lei, which represents more than half of the company’s total credit balance, amounting to more than 851 million lei. ″Although it made efforts to partially pay the amounts owed to the state budget and the social insurance budget, given that the activity was disrupted by several factors that caused fluctuations in the volume of activity and contracted works, it was not possible to fully comply with due dates. If the current situation were to remain unchanged, the company would face a risk of bankruptcy, and all the efforts made so far to stabilize it and the relations with the other creditors would be practically cancelled. Based on the specific procedures, AAAS can contribute to attracting investors interested in developing the company’s activity segment, while ANAF mainly aims to capitalize on assets and recover debts in a relatively short time”, states the explanatory note of the decision regarding the takeover by AAAS of Romaero’s tax debts. The American defense group Lockheed Martin and Aerostar Bacau very recently opened the first certified maintenance, repair and overhaul (MRO) service center for the S-70 Black Hawk helicopter in Europe. The center was originally supposed to be opened in Romaero, but the idea was dropped due to the company’s financial problems.
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
Step into 2025 with music, excitement, and unforgettable performances! New Year’s Eve at JW Marriott Bucharest Grand Hotel is not just a celebration – it’s a grand spectacle where world-class entertainment, live music, and vibrant energy come together for a night to remember. This year, we’ve curated a sensational lineup of artists and performers to […]
The Bucharest Police recently announced that the city will host several commemorative ceremonies marking 35 years since the Romanian Revolution of December 1989, causing traffic restrictions around the city. The restrictions will be in place from Friday to Sunday, December 20-22, 2024. On Friday, December 20, at around 10:00 AM, a religious/military ceremony with wreath-laying […]
Alex Florența, the General Prosecutor of Romania, said on Friday, December 20, that harsher punishments are needed to combat incitement to violence and Legionnaire propaganda (related to Mișcarea Legionară, a Romanian interwar fascist movement) in public spaces effectively. To that end, the office of the General Prosecutor will propose new measures to combat such phenomena. However, […]
Dennis Lloyd, Inna, Damian & Brothers, and Killa Fonic are among the artists who will perform at Flight Festival 2025. The festival is scheduled to take place between June 20 and June 22 at Timișoara’s Banat Village Museum. For three days, the venue “will open its doors for an experience that combines music, nature, and […]
Around 67% of Romanians believe that the economic situation will worsen, 7% higher than the previous year, according to the EY Consumer Index Romania 2024. Findings suggest a challenging start of 2025 both economically and politically in Romania. Additionally, in 2024, more than half of respondents (59%) were extremely concerned about conflicts and external wars. […]
