President Basescu: It is crucial for Gov't to step in and back Mangalia Shipyard

President Traian Basescu on Friday visited Daewoo Mangalia Heavy Industries Shipyard located on the Black Sea coast (southeastern Romania) to meet the management of the Romanian-South Korean joint venture and he said the purpose of the meeting had been to establish clear ways by which the Government could help the shipyard overcome the current economic and financial troubles.'More precisely, it is about increasing the company's share capital. The Romanian side should contribute the ...

Developed by Codecraftsman