News » November, 2011 » 7 November 2011
Romania Needs Privatization, Private Management To Foil “Wise Guys” - IMF
07.11.2011, 17:07 | Economy | 2211 views
The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profit, says Jeffrey Franks, head of the International Monetary Fund’s delegation to Romania. We need to permanently remove a system where the public and private sector wise guys enjoy undeserved profit, while their employees and the public pay for these inefficient activities," Franks said Monday. The IMF official added local authorities have shown the determination to hurry privatizations and the appointment of private management at state-owned companies, but more action is required, as well as the completion of legal amendments by the end of the year. Read more on Mediafax.ro
|
Latest news in category Economy
The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...
Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...
The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...
|
|
