TAROM has sold its landing and take-off slots at the UK’s Heathrow Airport to Qatar Airways, according to Boardingpass. Thus, the Romanian company will no longer operate flights to London, and Romanians will have to turn to other airlines. According to the TAROM airline website, there are no flights available to Heathrow Airport in the UK. TAROM had 7 weekly return services to London, but these will be suspended from 27 October 2024. Last months, the Executive approved state aid for TAROM, in the amount of 471.04 million lei, the decision being an important step for saving the company, announced the Minister of Transport and Infrastructure, Sorin Grindeanu. According to him, the amount allocated has the following destinations: up to 214.3 million lei represents restructuring aid that is proposed to be granted in the form of capitalization in 2024, the amount of 12.51 million lei represents the increase in share capital carried out in year 2023, and 244.22 million lei represents the loan granted as individual state aid for rescue in 2020 and the updated related interest
In April 2025, about 4,350 employees from 14 counties of Romania were left without a job following employers' decisions to carry out collective layoffs, according to data reported by the Territorial Labor Inspectorate for each county that responded to Ziarul Financiar. Most employees left without a job...
Romanian pharmaceutical producer Antibiotice Iași (BVB: ATB) announced that it secured its fifth consecutive contract with the United Kingdom's National Health Service (NHS), significantly increasing its presence in the British market for injectable beta-lactam antibiotics. The agreement involves the supply of seven million vials of five types of sterile injectable penicillins to UK hospitals over […]
Swiss-based VAT Group, a global leader in vacuum valve manufacturing, announced in a press release on June 5 that it inaugurated a new factory in Arad, western Romania, marking its third major operational hub worldwide. The new facility joins VAT's global network alongside its headquarters in Switzerland and a key unit in Malaysia. The new […]
Romania's sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance's Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions. Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from […]
Major global shipping operator Mediterranean Shipping Company (MSC) Group has notified the Romanian government that it wants to take over the management of the Damen Mangalia shipyard, which has been under insolvency for the past year, according to Europa Libera Romania. The company reportedly paid in advance for...
French infrastructure giant Vinci is reportedly interested in acquiring EnergoBit, one of Romania’s leading energy equipment and services companies, Ziarul Financiar reported on June 5. EnergoBit, based in Cluj-Napoca, is currently fully owned by its founders - Ștefan Gadola, Peter Pal,...
