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Tag Archives: restructuring process

Deputy Premier Borc: ‘Romanian SOEs must be restructured’

State companies (SOEs) must be restructured so that to activate as “performance cars” Deputy Prime Minister and Minister of Economy, Costin Borc said on Tuesday in Targu-Jiu, mediafax.ro informs. “We must stop with the politicking and electoral influences, to make ...

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Transport ministry conducts checks on Tarom

Due to Tarom’s technical problems and its aircrafts’ delays of up to 2-3 hours, Ministry of Transport sent its control body to analyse this issue, Transport Minister Dan Costescu, who spoke about the company’s restructuring process announced on Tuesday in ...

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TAROM situation requires solid restructuring process. Bankruptcy is not among the options

The flag carrier airline of Romania, TAROM, is in a financial situation close to insolvency, although the national air operator reported diminished losses. According to transport minister Ioan Rus, this position requires a restructuring process extremely solid, while the company ...

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