Romanian authority compelled to publish Automobile Craiova real estate details in Ford deal

Luni, 18 februarie 2008, 20:17 English | Top News

HotNews.ro, judicially assisted by the Judicial Resource Center won a case against the Authority for State Assets Recovery (AVAS) in a first instance over the right of information regarding some real estate properties included in the privatization process of Automobile Craiova - Ford, according to a Bucharest Court decision.

Based on information suggesting that the privatization offer included real estate properties that would not be covered by the price, HotNews.ro demanded AVAS to offer some details in this regard. However, AVAS officially refused the request, arguing that the information was classified.

Thus, AVAS is compelled to make public the information requested by HotNews.ro in one month's time. However, the decision is not yet final and can pe appealed against.

The privatization of Automobile Craiova Ford still waits a formal decision from the European Commission. AVAS President Teodor Atanasiu declared on Friday, quoted by NewsIn, that he received a verbal answer from the EU Competition Directorate General, giving green light to the privatization.