US Ambassador: Profits of state-owned companies are too often directed to some people's pockets

The profits made by state-owned companies are too often directed to the state budget or to the pockets of some people having influential relations, said US Ambassador to Romania Mark H Gitenstein at the Bucharest Stock Exchange.Although it is obviously the right of the state to transfer these revenues to its own budget, it deprives state-owned companies of the funds they need for making investments and, finally, for generating economic growth, said Gitenstein. He enthusiastically ...

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