The debts owed to the Treasury by Romaero, a strategic state defense company specializing in aeronautics and insolvent since January, will be assumed by the Authority for the Administration of State Assets (AAAS). This institution, which operates under the Ministry of Economy and is the majority shareholder of Romaero, will take on the debts following a government decision today. The goal of this measure is to attract investors to the company. The procedure as such, which is applicable to all state companies insolvent, bankrupt or in preventive arrangement, was recently regulated by emergency ordinance. The budgetary claims held by ANAF on Romaero, to be transferred to AAAS, currently amount to more than 466 million lei, which represents more than half of the company’s total credit balance, amounting to more than 851 million lei. ″Although it made efforts to partially pay the amounts owed to the state budget and the social insurance budget, given that the activity was disrupted by several factors that caused fluctuations in the volume of activity and contracted works, it was not possible to fully comply with due dates. If the current situation were to remain unchanged, the company would face a risk of bankruptcy, and all the efforts made so far to stabilize it and the relations with the other creditors would be practically cancelled. Based on the specific procedures, AAAS can contribute to attracting investors interested in developing the company’s activity segment, while ANAF mainly aims to capitalize on assets and recover debts in a relatively short time”, states the explanatory note of the decision regarding the takeover by AAAS of Romaero’s tax debts. The American defense group Lockheed Martin and Aerostar Bacau very recently opened the first certified maintenance, repair and overhaul (MRO) service center for the S-70 Black Hawk helicopter in Europe. The center was originally supposed to be opened in Romaero, but the idea was dropped due to the company’s financial problems.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
