Lazea (BNR): Many firms have negative capitals; financial indiscipline tolerated

A large number of companies have negative capitals, have come non-bankable, financial indiscipline being tolerated in Romania, Valentin Lazea, senior economist at the National Bank of Romania (BNR), declared on Thursday at a conference. “Shortcomings in legislation step in here, making the owner of a company more interested in lending the company rather than bring in more capital. By means of loans the owner can make fiscal deductions and starts ...

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