The economic impact of prohibiting state aid for the romanian steel industry
The adjustment of the Romanian steel industry restructuring programmes to the requirements of the EU and the implementation of such programmes has supported the development and growth of Romanian steel companies.The total amount of State aid allowed in Romania has been of € 1,2 billion and was mainl...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Croatian Metallurgical Society
2012-07-01
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| Series: | Metalurgija |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/file/120281 |
| _version_ | 1798043974802341888 |
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| author | I. Bostan V. Grosu |
| author_facet | I. Bostan V. Grosu |
| author_sort | I. Bostan |
| collection | DOAJ |
| description | The adjustment of the Romanian steel industry restructuring programmes to the requirements of the EU and the implementation of such programmes has supported the development and growth of Romanian steel companies.The total amount of State aid allowed in Romania has been of € 1,2 billion and was mainly awarded for financial restructuring and to a smaller extent for exemption from VAT and corporation tax. The EC has constantly monitored the Romanian steel industry and the way in which State aid has been granted by the Romanian government. As a consequence of the restructuring process– whit entry into force the EU Association Agreement was enforced – several obsolescent plants have been shut down because of physical and moral wear and tear, and the total number steelworkers has decreased significantly. |
| first_indexed | 2024-04-11T22:56:29Z |
| format | Article |
| id | doaj.art-abcfb3da99ce492c87fb4ff8f7dfe4b4 |
| institution | Directory Open Access Journal |
| issn | 0543-5846 1334-2576 |
| language | English |
| last_indexed | 2024-04-11T22:56:29Z |
| publishDate | 2012-07-01 |
| publisher | Croatian Metallurgical Society |
| record_format | Article |
| series | Metalurgija |
| spelling | doaj.art-abcfb3da99ce492c87fb4ff8f7dfe4b42022-12-22T03:58:23ZengCroatian Metallurgical SocietyMetalurgija0543-58461334-25762012-07-01513354356The economic impact of prohibiting state aid for the romanian steel industryI. BostanV. GrosuThe adjustment of the Romanian steel industry restructuring programmes to the requirements of the EU and the implementation of such programmes has supported the development and growth of Romanian steel companies.The total amount of State aid allowed in Romania has been of € 1,2 billion and was mainly awarded for financial restructuring and to a smaller extent for exemption from VAT and corporation tax. The EC has constantly monitored the Romanian steel industry and the way in which State aid has been granted by the Romanian government. As a consequence of the restructuring process– whit entry into force the EU Association Agreement was enforced – several obsolescent plants have been shut down because of physical and moral wear and tear, and the total number steelworkers has decreased significantly.http://hrcak.srce.hr/file/120281steel industry restructuringRomaniamonitoring programmeEuropean Commission |
| spellingShingle | I. Bostan V. Grosu The economic impact of prohibiting state aid for the romanian steel industry Metalurgija steel industry restructuring Romania monitoring programme European Commission |
| title | The economic impact of prohibiting state aid for the romanian steel industry |
| title_full | The economic impact of prohibiting state aid for the romanian steel industry |
| title_fullStr | The economic impact of prohibiting state aid for the romanian steel industry |
| title_full_unstemmed | The economic impact of prohibiting state aid for the romanian steel industry |
| title_short | The economic impact of prohibiting state aid for the romanian steel industry |
| title_sort | economic impact of prohibiting state aid for the romanian steel industry |
| topic | steel industry restructuring Romania monitoring programme European Commission |
| url | http://hrcak.srce.hr/file/120281 |
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