Romanian aircrafts components producer Romaero Bucuresti recorded revenues of RON 99.6 million (EUR 22.5 million) in 2013, up 7 percent compared to the previous year, while reducing losses by some 57 percent, reports local Mediafax.

The company’s expenditures also decreased by 14 percent last year, to RON 119.4 million (some EUR 27 million).

The Ministry of Economy holds 51.9 percent in Romaero, other shareholders being SIF Muntenia and Fondul Proprietatea.

Irina Popescu, irina.popescu@romania-insider.com