





Renault group demands Romanian state for 170 million Euro aid
Fourmont added that the Renault group invested 1.5 billion Euros in Romania, while the incentives agreed upon by the Romanian state - at temporary tax or VAT exempt - rose to 75-78 million Euros.
The other national car producer, Ford, also asked for aid. In a future loan worth 600 million Euros, the Romanian state will guarantee for 320 millions. Ford will begin to build cars in Craiova, in a facility formerly owned by Daewoo, during the second half of the year.