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
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
