Romanian government replaces Tarom CEO on alleged unrealistic budget

The interim minister of transport, Radu Miruta, announced that the Board of Directors at flag carrier Tarom replaced interim CEO Bogdan Costas with Cristian Anghel, accusing the company’s management of failure to amend the 2026 budget plan that both sides agree is no longer realistic and revise the restructuring plan in line with market developments.

The Transport Ministry, as the sole owner of Tarom, has not approved the company’s budget of revenues and expenditures for the current year.