Business ReporterIDC and Romsit, a Romanian parastatal, entered into a deal to manufacture glass sheets.IDC spokesperson Derrick Sibanda in an interview yesterday, said the $62 million was for the expropriation of the company’s rights while $9 million was for interest charges.Read more here.THE Industrial Development Corporation (IDC) has failed to recover $71 million from the Romanian government 14 years after the Zimbabwe partnered the European country in a glass-manufacturing deal that failed to materialise, an official has said.
Business Reporter
IDC and Romsit, a Romanian parastatal, entered into a deal to manufacture glass sheets.
IDC spokesperson Derrick Sibanda in an interview yesterday, said the $62 million was for the expropriation of the company’s rights while $9 million was for interest charges.
Read more here.
IDC loses $71m in glass-making deal
THE Industrial Development Corporation (IDC) has failed to recover $71 million from the Romanian government 14 years after the Zimbabwe partnered the European country in a glass-manufacturing deal that failed to materialise, an official has said.