* SIF Transilvania announced that it would continue the lawsuits to prevent the implementation of the decision of the General Shareholder Meeting of IAR to assign the company"s important assets to Eurocopter

The Ministry of the Economy, Trade and Business Environment has rejected the proposal of SIF Transilvania to assign shares it owns in various companies in exchange for the shares which the SIF owns in IAR Ghimbav. Under these circumstances, the president of SIF Transilvania said that he would continue the lawsuits against the decision of the General Shareholder Meeting made in the summer of 2010, by which the company"s most important assets were assigned to Eurocopter Romania, part of the EADS, for the purpose of expanding its activity. Eurocopter Romania is a joint-venture between French Eurocopter and IAR Ghimbav, in which the latter (which is controlled by the Ministry of the Economy) only holds 49%.

Moreover, Fercală says he will demand compensation from the government as well because "there are ministers who are appointed to defend a national fortune, not to give it away to some, or else I could just ask the shareholders of SIF Transilvania to give me the building in which we are headquartered". "Something like that wouldn"t have happened in France, for instance", he added. Moreover, Fercală said he no longer believes the announcements made by the government that the number of employees on the Ghimbav industrial platform would increase. "Sometime ago there were thousands of employees over there, now I"d be surprised if there are a hundred left", the head of SIF Transilvania said.

The people of Eurocopter have announced that they would request the appraisal of the shares owned by small shareholders in the company of Braşov. "But they wanted to order this audit from a company with which they are already doing business with, whereas w