Romania ponders creation of National Investment Fund
A cash contribution from state-owned bank CEC Bank should also fuel the creation of the fund, according to the government's current project. The final form of the project will be sent to the European Commission before being approved by the Romanian government.
The new fund will not come under the supervision of the National Securities Commission (CNVM), nor of that of the Romanian Central Bank (BNR). The minority share packages which will fuel the fund will be sold on the stock market, through open bid, or through a combination of the two.