Media report: Romanian Gov’t Negotiates Sale of TAROM Shares to Qatar, UAE Firms

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The government is negotiating with two companies from Qatar and the United Emirates, where Prime Minister Ciolacu is currently visiting, the sale of a stake in the national airline company TAROM, TVR Info reports.

One of TAROM’s suitors is Emirates Airlines, the fourth largest airline in the world, with 300 aircraft in its fleet and flights to 150 cities in 85 countries.

Another option is Qatar Airways, which has 43,000 employees, 200 aircraft and more than 170 international destinations. The government is also negotiating the sale of at least 51% of TAROM’s shareholding, according to TVR Info.

The Government in Bucharest would like to finish the reorganization procedure of Tarom faster in order to be able to sell the flag-carrier airline company.
Romanian PM Ciolacu will have a discussion with the members of the Sovereign Investment Fund of the State of Qatar.

“The priority is the Port of Constanta, which has become the most important distribution hub on the Black Sea for Central and Eastern Europe. We want to develop the Port of Constanta to play a key role as a logistics platform and in the perspective of the recovery and reconstruction process of Ukraine We need the experience of Qatari companies in terms of port management and operations, as well as the possibility of other infrastructure projects, including the development of the capacity of the “Traian Vuia” International Airport in Timisoara, the financing of the construction. the Comarnic – Brasov highway and the modernization of the Predeal – Brasov railway. We are talking about mature projects that can be carried out in a public-private partnership. I want all the ministers present to present their projects and capitalize on the opportunity we have for attracting investment in Romania“, declared Marcel Ciolacu.

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