Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania’s Carpatair to restructure under bankruptcy protection

Romania’s Carpatair to restructure under bankruptcy protection

January 30, 2014

http://atwonline.com/Romanian regional carrier Carpatair has been given the legal go-ahead to restructure under bankruptcy protection.The company blamed €30 million ($41 million) in legal damages it has been charged as a key reason for filing for insolvency. The legal disputes arose out of anticompetitive practice acusations leveled at Timisoara Airport, Carpatair’s home base, that are being investigated by the European Commission, local

The text of this article has been partially taken from the publication:
http://www.romanianewswatch.com/2014/01/romanias-carpatair-to-restructure-under.html
Read in full - click here
Balkan film and culture festival TAIFAS returns to Timișoara in October

Balkan film and culture festival TAIFAS will return to Timișoara, in western Romania, between October 13 and 18, for its fourth edition. Early Bird passes for the six-day event are now available. Held under the theme "History, Memory and Other Trifles," this year's edition will explore both major historical events and the smaller, personal stories […]

First lululemon store in Romania opens at Bucharest shopping mall

Athletic apparel brand lululemon has officially entered the Romanian market with the opening of its first store in Bucharest. The launch marks the company's fourth international market entry of 2026 and is being carried out through its franchise partnership with Arion Retail Group. Located in Băneasa Shopping City, one of the Romanian capital's largest retail […]

Bucharest's main airport to be first in Romania with coordinated landings, takeoffs

The National Company Bucharest Airports announced on Tuesday, June 9, that the "Henri Coandă" International Airport, the main point of air travel to and from the Romanian capital, will be the first in the country with coordinated landings and takeoffs. The airport will be coordinated by the world’s largest independent airport slot coordinator, Airport Coordination […]

Romanian Forecasting Commission cuts projected 2026 GDP growth to 0.1%, ups inflation

Romania’s National Commission for Strategy and Forecasting published a projected economic growth of just 0.1% for 2026, down from 1% in the previous forecast. GDP is therefore projected at RON 2.056 billion, compared to RON 1.916 billion in 2025. Similarly, the institution upped its average annual inflation in 2026 to 7.9%. The Commission pointed to the […]

Brâncuşi. The Syndrome: Bucharest exhibition traces sculptor’s influence in Romanian art

Brâncuşi. The Syndrome, an exhibition tracing the impact of Constantin Brâncuşi in local art, is set to open this week at the National Museum of Art of Romania (MNAR). The show, marking the 150th anniversary of the birth of Brâncuși, is meant to offer the public a different perspective on the influence of his work. […]

Historic Rosenthal Building on Bucharest's Calea Victoriei to undergo RON 163 mln seismic retrofit

Rosenthal Building, a landmark interwar-era property on Bucharest's Calea Victoriei classified in the highest seismic risk category, is set to undergo a major consolidation project worth RON 163 million. The investment will be financed through a combination of state funding and local government contributions, the City Hall announced. The building has been included on a […]