World Bank: A Quarter Of Romania's State-Owned Cos Are Practically Bankrupt

10.26.2011 By Radu Bostan

A quarter of Romania's 760 state-owned enterprises, such as RADET, CFR or Oltchim, are unprofitable, with nonviable assets and de facto bankrupt, meaning almost 100,000 employees would be left jobless if these companies were to close, according to a World Bank study.

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Keywords:
WORLD BANK
, COMPANIES
, STATE OWNED ENTERPRISES