Romania's Government discusses on sovereign investment fund today

The Government will meet today to discuss about establishing Romania’s sovereign investment fund (FSDI). The fund was one of the center pieces in the Social Democratic Party’s governing program. In September 2016, PSD president Liviu Dragnea said that the sovereign investment fund would raise RON 45 billion (EUR 10 billion) from the stakes the state still owns in 200 profitable companies. The fund would have three components, namely infrastructure development, capitalization of strategic companies, and creating new production capacities. One of the options for infrastructure development provides the creation of a consortium that has in concessions the highways’ construction locations for 30-35 years, according to Dragnea. The fund would have a stake of 49% in the consortium. The Government will also discuss today about an emergency ordinance on investments in the defense industry. Prime Minister Sorin Grindeanu is also expected to make an announcement related to the dismissal of justice minister Florin Iordache, who was deemed responsible for an emergency ordinance that amended the Criminal Code, which has been met with massive protests in Romania. editor@romania-insider.com