Romanian leaders get criticized over $1.5 billion helicopter deal

Article Abstract:

Romanian officials are criticized by international lenders for proceeding with a costly defense project that is expected to strain the country's critical finances. Under the four-year defense contract, Romania is set to pay US-based Bell Helicopter Textron $1.5 billion for 96 AH-1RO Dracula attack helicopters in cooperation with the country's IAR Ghimbav Brasov SA. Bell Helicopter will also acquire a 70% stake in the IAR Ghimbav for a total investment of $70 million. Finance Minister Daniel Daianu stated that the expensive deal comes at a time when there exists enough financial problems.

Comment:

Romania: Govt officials are criticized by intnl lenders for proceeding w/ a costly defense project expected to strain finances

Government expenditures, Romania, Public affairs, Aircraft Manufacturing, Attack Helicopters, Article

---

China lifts interest rates amid a rise in inflation

Article Abstract:

China's central bank, the People's Bank of China, indicated its concerns over rising inflation by increasing its interest rates for the third time this year. The 0.27% increase placed lending rates at 6.84%, while deposit rates were increased by the same amount and are now at 3.33%.

China, Public Finance Activities, Product standards, safety, & recalls, Management dynamics, Interest Rates, Fiscal Policy, Standards, Management, Central banks, Company business management, China. People's Bank of China

---

Similar abstracts:

• Abstracts: How Toyota and its partners seized Southeast Asia. Revolution in Seoul? Not really
• Abstracts: Skaggin targets longer storage - with latest cooling system
• Abstracts: How Toyota and its partners seized Southeast Asia. eOpposing the SunE: Japan alienates Asia
• Abstracts: Quebec's best. Newspaper classifieds: help wanted
• Abstracts: Transportation. Fish delivery network goes Europe-wide

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.