Romanian state-owned airline Tarom narrowed its loss to RON 130.1 million (EUR 29.4 million) in 2013, down 44 percent year-on-year, while its turnover increased by 3.5 percent, to RON 1.085 billion (EUR 288 million), according to a statement of the company.

In 2012, the company recorded a loss of RON 230.6 million (over EUR 51 million) and a net turnover of RON 1.048 billion (some EUR 225 million).

Last year, Tarom added 10 new destinations with departure from Romania, namely Bucharest-Prague, Cluj-Prague, Bucharest-Geneva, Bucharest-Stockholm, Bucharest-Moscow, Iasi-Bologna, Iasi-Milan (Bergamo), Iasi-Turin and Iasi-Tel Aviv.

Tarom, created in 1954, serves over 50 destinations.

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