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Only two Romanian private companies received state aid in 2010

Autor: Claudia Medrega

13.03.2011, 23:48 52

Only two of the nine private companies that receivedstate aid last year, which amounting to an overall 191 millioneuros, have Romanian shareholders, according to data sent to ZF bythe Finance Ministry.

Rolling stock repair plantRemar Paşcani, part of Grup Feroviar Român (the Romanian RailwayGroup), controlled by businessman Gruia Stoica, received supportfor a project to build an agricultural complex. Aaylex Trading,controlled by Bogdan Stanca, Viorel Gavril Fetinca and BogdanGruia, holds 66.06% in poultry producer Avicola Buzău.

"There are big projects thatRomanian companies cannot carry out because they don't have theexpertise, the resources, financial resources included. In bigprojects, Romanians succeed only if they partner with internationalfirms. Foreign companies are even sometimes criticised for comingto Romania and using Romanian workers, local resources. But oneoverlooks the fact that foreign companies have expertise in similarprojects and a greater financing ability," commented financialanalyst Aurelian Dochia.

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