National airline company TAROM announced on Tuesday having fulfilled a new milestone in its Restructuring Plan, after recently finalizing the contract for the sale of its 50% stake in Romanian Fueling Services S.R.L. to Air British Petroleum, the air operator said in a release.Along with the decision to grant state aid to the flagship air carrier, the Romanian authorities also undertook to sell TAROM's stakes in companies where it holds majority control (over 50%) or negative control (50%) and which are not part of TAROM's main activity (passenger and cargo air transport operations), so that the national air transport company narrows its presence in the market so as to not affect or restrict domestic competition. These steps should have been completed starting with the end of 2024, but no later than the end of the restructuring period, namely 2026.One of the companies targeted by this commitment is Romanian Fueling Services S.R.L., whose share capital was held 50-50 by TAROM and Air British Petroleum.On March 26 this year, the sale agreement was signed and the transaction was recently finalized following the final approval by the competent authorities, TAROM informed."Over the years, the fact that we had Air BP, one of the world's largest aviation fuel suppliers, as our partner, has been a factor of balance and stability. We are delighted that we have jointly managed to complete an important transaction," said TAROM CEO Costin Iordache
One of Sibiu’s most iconic landmarks, the Council Tower (Turnul Sfatului), will soon undergo a major restoration after the city secured nearly RON 16 million (around EUR 3.2 million) in non-reimbursable funding through the “Regiunea Centru” programme. The project, managed by the Regional Development Agency (ADR) Centru, aims to preserve and enhance a symbol of […]
The Foreign Ministry (MAE) asked Romanians in Israel to notify its representatives in the country of their presence and to follow the instructions of local authorities. The institution also issued a recommendation to avoid travel to Iran, in the context of Israel’s aerial strikes on Iranian nuclear installations. Moreover, several flights to Tel Aviv were cancelled. […]
A curated selection of critically acclaimed films by Romanian directors will be screened at the Ro-Mania Film Festival, set to take place in Berlin between June 20 and June 30. The festival will screen 43 films, including feature films, shorts, and documentaries, in a program that also covers concerts, workshops, debates, public readings, Q&As, and […]
More than 85% of Romanians believe the country will face economic difficulties in the near future, with concern particularly high among voters of the Alliance for the Union of Romanians (AUR) and adults aged 30 to 59, according to the latest INSCOP Research Barometer published on June 13 and consulted by Adevarul. ...
A limited agreement on the structure of the fiscal plan was reached among the four parties negotiating for a ruling majority in Romania, but there was little consensus on specific measures to support the plan on the revenue side, such as higher tax rates. The deadlock is total when it comes to the prime minister […]
The wage share in Romania (the share of the gross value added disbursed as total labour compensation) reached 45.6% in Romania in the 12 months to March 2025, according to data published by the statistics office INS. The dynamics of the wage share reflect how much the real wages have increased above labour productivity during […]
