Privatisation revenues included in 2005 budget

The revenues that will be derived form the privatisation of the companies managed by the Ministry of Economy and Trade in 2005 are estimated at nearly one billion euros, with the money to be collected from the sale of SNP Petrom and Distrigaz also included, Ministry sources said. A government decision draft prepared by the Ministry of Economy and Trade shows the privatisation-related revenue estimates amount to 36,803bn ROL (some 965 million euros). Also included were the amounts derived from the sale of the Ministry’s stakes in 23 companies, as well as the instalments and interests stipulated in the sale-purchase contracts closed by the Office for State’s Interest and Industrial Privatisation. There are also the 800bn ROL (some 20 million euros) in form of dividends that are to be collected next year and 3bn ROL in interests for the accounts with the Treasury and with Eximbank, as well as in fees related to bid participation, job specifications books and favourable exchange rate differences. ZF