Tarom estimates losses of €18 million in 2023, a significant decrease from previous years.
Alexandra Stefureac
Economy
foto : TAROM
Always see our news on Google
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
12:33
Drivers and future drivers must comply with new medical rules for obtaining or renewing a driving licence, effective November 6, 2026
12:25
The Brussels court will hear on Monday ROMATSA’s and the Romanian state’s challenges to the garnishment of the administration’s accounts over a debt of 3.42 billion lei
12:16
PSD President Sorin Grindeanu: “We do not accept the waste of public money. Therefore, I want to make it very clear: next year, taxes for Romanians and Romanian companies will not increase”
12:13
Sorin Grindeanu proposes that Prime Minister Luca Niculescu assume responsibility for administrative reform and the reorganization of the state
12:11
Donald Trump urges Israelis to vote for Prime Minister Benjamin Netanyahu in Tuesday’s legislative elections, calling him an “exceptional warrior”
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
