Tarom's interim CEO Costin Iordache said the company's losses have been significantly reduced from an average of €55 million a year to €18 million. The company has accumulated losses of almost €300 million over the past six years. The only way out of the difficult situation was the state aid approved by the European Commission. The restructuring plans include a debt write-off of about €49.53 million and a capital injection of €45.77 million.
Sources
Latest News
08:49
Ro-Alert message in Tulcea: The Ministry of Defense detected drones near the border with Ukraine / Two F-16 aircraft were scrambled
08:42
The Court of Accounts uncovered incorrect recalculations, pensions paid after death, and unlawfully granted bonuses in the public system
08:26
Donald Trump announces an energy ceasefire between Ukraine and Russia / Kyiv says it knows nothing about the agreement
08:07
The U.S. Supreme Court blocks Trump's plan regarding mail-in voting
07:57
Unauthorized protest by farmers in Victory Square: They are prepared to stay several days in the capital and say they are not afraid of fines / Their demands
See more news