Outgoing SocDem minister assures Romania's flag carrier Tarom will not be closed down

State-owned flag carrier Tarom “will not be closed down,” since Romania has an agreement with the European Commission under which the company must receive another RON 65 million out of the state aid approved, former minister of transport and infrastructure, Ciprian Șerban, stated in his last press conference before leaving government on April 27, as reported by Agerpres.

The statement came in the context of trade unions protesting restructuring plans, potentially including the closing down of the company, as Tarom has recorded losses for the past ten years and it failed to observe the recovery plan linked to the latest state aid received, according to deputy prime minister Oana Gheorghiu.