Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month

10.11.2011 By Sorin Pâslaru , Roxana Georgiana Petrescu , Mihaela Claudia Medrega

The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take from the European Union; the ability to curb budget spending on goods and services and personnel, which swell public debt by EUR800 million per month; an efficient management of state-owned enterprises, which generate EUR100 million in losses every month.

To read the full story, please login. Not a member? Subscribe here.

Reveal Romania! Business news & views.
Find out all you need by reading the entire story
To invest in Romania, you need to find out about its opportunities.
To close a strategic partnership with a Romanian company, you need to learn about its market position and whether it is a trustworthy partner
To grow here, you need to be informed

Subscribe now
Only 50 euros/month (VAT not included)
Get access to reports, news and statistics in the main sectors of Romania’s economy. Follow the strategic moves of companies operating in Romania. We will keep you updated on the latest business events.
Contact: E: (newsroom), (Marketing & PR), (subscriptions)
T: 0040-318.256.431 (Newsroom)
0040-318.256.158, 0040-318.256.408 (Subscriptions Department)
0040-318.256.469, 0040-318.256.470 (Advertising Sales Department)
0040-318.256.427, 0040-318.256.129 (Marketing & PR)

LOGIN / Lost password?


Please fill all required fields!

Your comment was successfully added!

Comments will appear only after the moderation.