Burci, IRS: If the IMF does not release the loan tranche, the economy will collapse
Due to the economic downturn, IRS’s business dropped 15 percent in the first nine months of this year, compared to the corresponding period in 2008, to €290 million, while the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) stagnated at €20 mln. The activity of the Severnav shipyard, owned by the group, was not ...