Transimport intends to decrease its capital in order to free funds to cover losses from accumulated losses of 3.577 million levs, the company said in a statement earlier this week.
The company's shareholders approved the proposal at a general meeting held on September 12.
Transimport generated revenue of 32.9 million levs in 2018 and closed the year with a net profit of 925,000 levs.
Transimport is part of local VM Finance Group.
(1 euro = 1.95583 levs)