Talks held yesterday between representatives of Economy and Finance Ministries and those of the International Monetary Fund targeted, among other things, the start of privatisation processes at Oltchim (OLT) and Cuprumin, alongside other projects to sell shares of companies in the energy sector. The two companies have big debts to the state if considered against their turnover.
Other topics discussed during the meeting included measures to
boost efficiency of economic operators, among which the sale of
minority or majority stakes held in certain companies, the
reorganisation of certain companies in view of privatisation,
recapitalisation of companies by attracting investments following
the setting up of joint ventures.
“Privatisation projects in the energy sector were mentioned on this
occasion: the selling of 15% in SNTGN Transgaz SA on the capital
market, of 9.84% in OMV Petrom, of 15% in SNGN Romgaz SA, and of
15% in CN Transelectrica SA, the initiation of the privatisation
processes at SC Cuprumin and SC Oltchim, the investments attracted
for SC Avioane Craiova, SC Moldomin, SC Uzina Termoelectrica Midia
Năvodari, Complexul Energetic Rovinari, Complexul Energetic Craiova
and SC Termoelectrica power stations in Paroșeni, Brăila, Galați,
Borzești, Doicești,” the
Economy Ministry announced.