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Over 600 Transporters To Go Bankrupt By Feb On Higher Costs- Transporters Fed

Over 600 transport companies, representing 10% of all companies in the transport sector, will go bankrupt by February 2009, on uncontrolled hike of taxes and duties, loans interests and infrastructure status, according to Federation of Romanian Transport Operators FORT.
Over 600 Transporters To Go Bankrupt By Feb On Higher Costs- Transporters Fed
19 dec. 2008, 12:53, English

The transport operators said the percent of the companies deemed to go bankrupt would represent in 2009 up to 60% of all companies by yearend.
 
"Only 12,000 of all 24,000 transport companies registered by Romania Road Authority were operating between 2007 and 2008 in the road transport field, 6,000 of which were active," FORT said.
 
FORT accused operational expenses, lack of domestic production, as well as decrease of exports and imports.