





Bucharest officials need to find elegant solutions to attract Ford
Stroe argued that Romania need not loose time in contesting the European Commission decision and should find a mutual beneficial solution. However, PM Tariceanu even if he admitted that his Chancellery cannot contest the decision, he harshly criticized it.
Tariceanu announced that the 27 million euro will be recovered by diminishing the value of regional state subsidies offered to Ford like stipulated in the privatization contract. At their turn, Ford Europe officials declared in a press release remitted to HotNews.ro that its plans to take over Automobile Craiova did not change.
The European Commission officially ruled on Wednesday that the 27 million euro that the Romanian Government granted to Automobile Craiova is illegal and hinders competition. The European Commission started investigating the privatization process of the Romanian car producer Automobile Craiova in 2007 when the process started.