Romania's wealth is slightly lower than in 2011, while company ownership valued at over EUR 60 bln

The Romanian state owns assets worth some EUR 179 billion, which include non-financial and financial assets, according to a recent budget report from the Romanian Government. The value of the assets, valid at end September 2012, is slightly lower in the local currency than at the end of 2011 – RON 806 billion compared to RON 836 billion. Several countries owe Romania money, according to the budget, including Iraq – some USD 843 million, Mozambique – USD 14 million, which are underway with payments based on Governmental agreements. Non-regulated debt Romania still has to recover comes from Sudan – some USD 169 million, Libya, - some USD 45 million, Nigeria – USD 12.5 million, among others. Between January and December 2012, Romania cashed in some USD 70 million on account of the debt from Iraq, Mozambique and The Democratic Republic of the Congo. The state's company ownership brings it some EUR 7.5 billion – book value at the end of 2011 which covers the value of its participation in state companies. These companies come with assets worth some EUR 60 billion, according to the report. Romania has 241 state-owned operators, including 46 companies fully owned by the state, 56 companies with the state as majority shareholder, 83 subsidiaries or state – owned companies, 15 directions, and 41 research and development institutes. Romania is currently trying to privatize some of its state companies, including CFR Marfa, Tarom, Oltchim, Transgaz, Romgaz and Nuclearelectrica, among others. editor@romania-insider.com (photo source: sxc.hu)