State Companies Allowed To Transfer Assets To Other State Firms To Reduce Arrears

08.22.2014 By Ecaterina Craciun

Romanian companies majority owned by the state, including their subsidiaries, will be allowed to transfer assets, through direct negotiation, to other firms majority held by the state, in a move to reduce, restructure or reschedule the payment of overdue debts.

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Keywords:
GOVERNMENT
, COMPANIES
, ARREARS