Mangalia 2.0: The State is playing bluff with the Romanian naval industry again

Government

The Romanian state is preparing to repeat, with astonishing obstinately and a cruel lack of vision, the dubious scheme from 2018 through which it declared itself the majority shareholder in the Mangalia Shipyard without investing a single leu, but took over absolute decision-making control, although on paper it left a free hand to the operational management appointed by the Dutch company Damen. The result of that scheme was predictable: industrial collapse, insolvency, unemployment and chaos.