State aid: handout or hand up?
State aid has long been a contentious issue, especially as Romania joined the EU, where its companies are expected to compete with firms from more advanced economies. While too much state aid risks distorting fair competition, too little can leave deprived regions and sectors languishing or lead to bankruptcies and mass layoffs. Legal and corporate specialists and state officials outlined to The Diplomat – Bucharest the main aspect April 2012 - From the Print Edition
We as consultants have seen a steady increase in investors’ interest in projects financed by state aid in the last two years. The fact that we are currently working on seven projects confirms this trend.
Past and current projects range from small to large, with Premium Aerotec and ContiTech just two of the names of a total portfolio of about EUR 400 million of investments and about 4,000 new jobs created,” said Iulian Sorescu, associated partner and head of the financial department at Noer... To continue reading this article you have to be registered
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