English Section

5 iunie,
European auto parts factories closed

European auto parts factories closed

V.R.English Section / 5 iunie

Several factories and production lines of European auto parts suppliers have been closed due to a shortage of rare metals, caused by China's decision to impose restrictions on such exports, the European Automotive Suppliers Association (CLEPA) announced yesterday, warning that more closures are coming, Reuters reports, according to Agerpres.

Illustration by MAKE

The deficit is pushing for tax increases

Andrei IacomiEnglish Section / 5 iunie

Our country is facing an acute crisis of credibility, reflected in the low country rating and the high costs of financing loans, the major problems being the excessive budget deficit and the lack of credible fiscal measures, according to the opinions expressed yesterday, during a conference organized by the Association of Financial and Banking Analysts of Romania (AAFBR).

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