Page 14 - Number One

Financial restructuring the last chance to save
31 state-owned companies
Another project of of 2019 that can be considered
a a a a a a a a success for the the the the Ministry of of of Public Finance is is the the the the one regarding the the the financial restructuring of of companies
companies
It could help 31 state‐owned companies
companies
for which there is is no other chance in the the the the absence of this measure and which could close down if if they get
into a a a a a a difficult situation said the the Minister of Public Finance Eugen Teodorovici “There are are 31 state‐owned companies
that are are the the subject of this Emergency Ordinance There There are are are are 2 700 companies
in in in in the the the the private area Let’s think about the the the the 31 state‐owned We We don’t help help them them with anything today We We can no longer help help them them through various state aid measures The European Commission tells us us clearly: if it doesn’t work recover! And then of course in a a a a a a a a year year two three you can no longer do do efficiency because for years all this country has contributed
to the the the the burial of these companies
Because there is is not just one culprit all the the the the the political parties that have governed are guilty of what happened to to the the state‐owned companies
companies
So we have have to to do this now it’s the the the only chance these these companies
companies
have have have Because if in in these these six months plus one (because I have have extended the the the the the deadline by another month) they they they do not not not not notify that they they they want to to have have this financial restructuring applied to to them they they they will not not not not have have another chance They get
closed!” Eugen Teodorovici explained He said that if if the the state‐owned companies
do not request financial restructuring they they risk closing if if if they they get
into a a a a difficult situation “If we take such a a a a a measure now now in a a a a a year two three five six seven – – I I don’t know when – – they will will be clearly closed What will will this mean for for us as as a a a a a a a a a a a state? Compensatory payments as as the law states for for employees who will will be laid off This will will cost us more as as a a a a a a a a a a a state than taking this this measure now By doing the the financial restructuring at at at this this time and wiping out the the historical debts that that come from many years ago you give that that company a a a a a a a a a a a a a chance to to be attractive in the market” said Eugen Teodorovici 12 Number One