Romanian govt discusses funding to rescue Tarom

Romania’s govt has discussed allocating critical financial support to ailing Tarom during a meeting Thursday. Transport minister Lucian Bode had asked prime minister Ludovic Orban to approve a draft memorandum for granting rescue aid, supplemented with restructuring aid, for 2020. After the meeting the head of the prime minister’s chancellery, Ionel Danca, gave a briefing during which he stated that the rescue aid will amount to US$45m. Danca says that, in the absence of the funding, “it would be impossible [for Tarom] to finance current activity” from March. Orban indicates that discussions have already been conducted at EC level, with new VP Margrethe Vestager, who was formerly the competition commissioner under Jean-Claude Juncker’s presidency. <br/>