President Dan reportedly wants a fully operational government in place before the next S&P sovereign rating review, expected in early October, with the rating agency’s experts due in Bucharest on September 24, according to G4media.ro. The...
Romania will notify the European Commission within three days that state-owned airline TAROM will accelerate implementation of commitments under its restructuring plan after failing to meet agreed obligations, interim Transport Minister Radu Miruta said on Friday.TAROM received substantial state aid under a restructuring plan covering 2024-2026, but the company failed to implement measures it had proposed and did not fulfil the commitments it had undertaken, Miruta said in a Facebook post following a meeting with the airline's management.Under the current restructuring framework, the airline would have to repay all state aid received by the end of 2026 if the plan fails to demonstrate the company's long-term viability, which "in its current form, it does not," the minister said.Miruta said the government would notify the European Commission within three days that measures TAROM had been due to complete by June 1 would now be implemented on an accelerated timetable.He added that the government would present a proposal for TAROM's future within six weeks and request a meeting with the European Commission to discuss it. By mid-september, the ministry intends to submit what he described as an "honest" restructuring plan based on realistic financial data, secure revenues and lower costs.According to the minister, TAROM's new management has already restarted work on revising the airline's budget using what he called realistic financial assumptions.
President Dan reportedly wants a fully operational government in place before the next S&P sovereign rating review, expected in early October, with the rating agency’s experts due in Bucharest on September 24, according to G4media.ro. The...
The BET index lost 6.7% in August, but still posted a 42.3% gain since the beginning of the year and a 67.4% increase over the past 12 months, ranking first on both horizons among a sample of 38 European national benchmark indices, Ziarul...
The company's management has set the date for the Extraordinary General Meeting of Shareholders for September 21, 2026. The agenda includes the project for the new terminal for bulk solid fertilizers and liquid products, according to the official document. The infrastructure will be developed at Berth 84 and Stockpile 5 in the North Port of […]
This prepares the ground for a faster sale of the shipyard to the German group Rheinmetall, which should start construction of EUR 1 billion military ships under a contract with the Romanian state, and its partner MSC, Ziarul...
Energy expert Dumitru Chisăliță told Digi24 that new offers could be 10%-15% more expensive and warned that price increases could continue until the end of the year or even into 2027. “Hidroelectrica was until now the supplier with...
The INS data confirmed the flash estimate announced in August. For the first half of the year, economic activity contracted by 0.7% y/y. Under the Eurostat methodology, based on chain-linked volumes, GDP contracted by 1.9% y/y in Q2, after a 1.4% y/y contraction in Q1. In seasonally adjusted terms, however, GDP remained broadly unchanged in […]