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
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
