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The Indians Are Afraid of a Trial with the Czechs

16 Mai 2007
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The managerial staff from Mittal Steel SA Iasi has kept a provision of almost 3 million Euros in case the Czech ex-owners pretend recovery for the loss in the investment which has not been paid back by the Romanian state.
The Indian owners from SC Mittal Steel SA Iasi are expecting the ex-owners from Zelezarny Veseli sue for damages concerning the machineries which have been sold to the former Tepro SA Iasi.

The management from Mittal Steel SA Iasi has calculated a provision of about 3 million Euros, more exactly 92, 14 billion Lei (9,214,938 RON), in case they might recover the loss.


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