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ECONOMICS - In Brief

After Ford settles in the car factory in Craiova, Romania, the latter country will become the greatest car producer in Eastern and Central Europe. The Romanian PM Calin Popescu Tariceanu expressed this opinion yesterday in the Geneva showroom. He added his efforts would be focusing on this aim and he also mentioned that some more 7-9,000 employees could be hired to work for the factory in Craoiva.

After talking to the Ford Group representatives, the PM explained: "We are ready to achieve privatizaton by the end of the month. It will mean the factory will become a Ford property."

The US company is to pay Romania 57 million Euro. Last October the European Commission started research on this particular privatization process and at the end of February 2008 the Romanian government was demanded to recuperate 27 million Euro from the Automobile Craiova. According to the European Commission, this consisted in the state's illegal support for Ford, in exchange for obligations settled by contract. (...) (F.B.)