Romania’s Mangalia Warship Yard Bankrupt, Rheinmetall Skips Sale

A €920 million program to rebuild Romania’s navy sits frozen at a silent, bankrupt Black Sea shipyard where roughly 1,000 workers have been let go, and the country’s own economy minister says a Dutch creditor, not the Romanian state, now controls what happens next, days before a second auction Wednesday. Economy Minister Irineu Darău said […] The post Romania’s Mangalia Warship Yard Bankrupt, Rheinmetall Skips Sale appeared first on CBNC .