SIF Oltenia goes into tourism

Societatea de Investitii Financiare (Financial Investment Company – SIF) Oltenia is planning to become more actively involved in tourism as of this year. To that end, it will take over the controlling interests in the County Tourism Organisation (OJT) Targu Jiu, Florin Buzatu, SIF Oltenia deputy chairman told Ziarul Financiar. The main stake in OJT Targu Jiu is now held by the Employees Association (PAS), which has not complied with all the obligations in the privatisation contract yet. “We have discussed the issue with the PAS and APAPS representatives and we will probably take over the employees’ shares along with the obligations in the privatisation contract. The investment will reach about $500,000,” Buzatu specified. ZF