News » January, 2011 » 28 January 2011
Why is the state borrowing 100m euros from BRD and BCR for Otopeni airport?
28.01.2011, 00:12 | Finance-Banks | 678 views
The Otopeni Airport upgrade will be financed via a 100 million-euro "private" loan taken out by the national company that manages it, although theoretically the state borrowed 20 billion euros from the IMF and the European Commission precisely for investment purposes. Officials of the Government and of the Transport Ministry did not answer questions on the issue by edition close. "With us there are a lot of priority investments, which exceed the allocated funds by far, including this year. There was probably a trade-off between the urgency of the project and the available funds," commented Laurian Lungu, partner of Macroanalitica consultancy. Read more on ZF.ro
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