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TAROM

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Companies

Tarom's Investment Budget Reduced 70%, To RON65M

The revised budget of Romanian state airline Tarom reduces its investment finances by 70% compared to the value approved earlier in the year, down to 65 million lei (EUR15 million) from RON1...

Radu Bostan · 10.09.2011 · 12:01 · 1 min
Automotive

Transport Ministry To Select Advisor For Tarom IPO By End September

Romanian Transport Ministry will select by end September the legal advisor and broker for the sale of a 20% stake in state-run airline Tarom.

Florentina Dragu · 25.08.2011 · 16:28 · 1 min
Romania To Sell 20% Stake In Airline Tarom On Bucharest Stock Exchange
Social/Politics

Romania To Sell 20% Stake In Airline Tarom On Bucharest Stock Exchange

Romania's Government on Wednesday approved the sale of 20% of national airline Tarom's shares on the Bucharest Stock Exchange, as per the state's commitments to the International Monetary Fu...

Radu Bostan · 25.08.2011 · 07:44 · 1 min
Brutaru’s Disastrous Term At Tarom’s Helm: Loss Of Over EUR130M In Two Years
Automotive

Brutaru’s Disastrous Term At Tarom’s Helm: Loss Of Over EUR130M In Two Years

Ruxandra Brutaru’s two-year term at the helm of state-run airline Tarom has seen the company cumulate EUR134 million in overall loss, the negative record of the last decade.

Andreea Neferu · 13.06.2011 · 00:00 · 1 min
Tarom’s Loss Widens 41.6% To RON332.5M In 2010
Automotive

Tarom’s Loss Widens 41.6% To RON332.5M In 2010

Romanian state-owned airline Tarom registered a loss of 332.48 million lei (EUR80 million) in 2010, 41.6% wider than in the previous year.

Tudor Ioana Raluca · 10.06.2011 · 14:38 · 1 min
Automotive

Romania Plans To Sell At Most 20% In Airline Tarom

Romania’s Government plans to sell 20% in national airline Tarom either on the stock exchange or to a strategic investor by the end of 2011, according to the draft letter of intent agreed wi...

Bogdan Neagu · 10.05.2011 · 16:29 · 1 min
Social/Politics

Tarom Won't Be Privatized, Government To Sell Minority Package - Sources

The Romanian Government states, in the new letter of intent to the IMF, its goal to privatize chemical plant Oltchim and the Turceni, Rovinari and Craiova energy complexes, while its plan fo...

Radu Bostan · 08.05.2011 · 17:31 · 1 min
Social/Politics

Foreign Ministry Receives RON1M Bill From Tarom For Japan Evacuation Flight

The Romanian Foreign Affairs Ministry received a bill for over 1 million lei (about EUR245,000) from state-owned airline Tarom for the flight evacuating Romanian citizens from Japan in March...

Ioana Tudor · 28.04.2011 · 19:42 · 1 min
Banks-Insurance

Astra To Insure Tarom Fleet For Fifth Consecutive Year - Sources

Romanian insurance company Astra Asigurari will insure the fleet of state-owned airline Tarom, for the fifth consecutive year, between May 1, 2011 and April 30, 2012, people close to the mat...

Ioana Tudor · 18.04.2011 · 16:12 · 1 min