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12/40.- Bucharest, Financial District slide 2

On the end we can see the Casa de Economii si Consignatiuni-CEC Palace, which I think resembles strikingly the Petit Palais in Paris, as you'll notice in the following slide. On the right we have what now houses a branch of the government which handles most of our economy (in terms of companies), the APAPS (state authority for administering state holdings). Most of its patrimony was supposed to be sold to investors in a lengthy and dubious process of privatization but it took us more time to do that so the state is the country's biggest businessman, but also the most unprofitable, as hundreds of millions of dollars are spent keeping running factories that were born doomed. On the left side we have a bank and further away a wing of the National History Museum and the little Stavropoleos church.

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Financial District slide 2

 

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Photos and Texts © by Razvan Lerescu. Do not reproduce without permission.