WTC also reported profit of EUR160,000 in July, from loss of EUR22,000 in the same period in 2012. Company officials declined to provide financial data for the first half of the year.
WTC general manager Cristina Chiriac said she aims to increase the company’s profitability.
Early July, Chriac was appointed general manager of World Trade Center to replace Mircea Ursache who had served as WTC president and general manager for 11 years. He was recently named vice-president of the country’s Fiscal Supervision Authority, or ASF. Chiriac was vice-president of state asset privatization authority AVAS between 2009 and 2012.
Two years ago, the Bucharest Court approved the insolvency request of World Trade Center Bucharest, as the company defaulted on debts worth 294 million lei (EUR66 million). Its main creditor is investment fund Fondul Proprietatea (FP. RO), with receivables of RON236 million.
World Trade Center reduced loss to RON4.6 million in 2012 from RON12.8 million in 2011.