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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
