Ponta made this statement Thursday at an event marking the slating into service of a glass-melting installation at Romanian glass container producer Stirom, following an investment of 166.3 million lei (EUR37.8 million).
The project is 60% financed from private funds and 40% from non-reimbursable EU funds. Its total value is RON166.36 million, of which RON45.34 million is covered by EU funding, through the program increasing economic competitiveness (POSCCE), and RON6.18 million by state budget funds.
Stirom was founded in 1968 in Bucharest and is the largest glassware manufacturer in Romania. The company has 400 employees and registers an annual turnover of EUR50 million, of which exports account for 15%.
Yioula Glassworks indirectly controls 93.4% of Stirom, through Cyprus-registered firm MGL Mediterranean Glass.