Romanian government replaces Tarom CEO on alleged unrealistic budget

23 July 2026 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. “They came up with a ridiculously unrealistic budget. We asked and demanded that it be restored to real figures. They didn't restore it. Maybe because there was no room left for fancy plans using public money,” minister Miruta explained. Tarom needs to break even by the end of the year, under