News » February, 2011 » 13 February 2011
Romania Plans To Write Off Debts Of Defense Industry Cos
13.02.2011, 13:22 | Finance-Banks | 827 views
Romania plans to write off debts of 1 billion lei (EUR1=RON4.2649) of companies in the defense industry, citing a EU norm which allows the protection of the national military interest and arguing that foreclosing their assets would impact defense capabilities. Writing off debts of companies in the defense industry will be regarded as a measure to improve the respective companies' economic and financial situation, the Economy Ministry said in a document. Read more on Mediafax.ro
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