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OECD Report Highlights Inefficient Insolvency System and 'Zombie Companies' in Romania
An OECD report published Monday indicates that Romania faces an accumulation of financially distressed companies, with its insolvency system failing to resolve problems efficiently, leading to up to 25% of firms being classified as 'zombie companies'. This follows earlier statements by the OECD Secretary-General on integrating Romanian firms into global chains for economic growth.
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