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
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
