Social Democrats to submit bill banning sale of shares in profitable state-owned companies
The Romanian Social Democratic Party, or PSD, announced on Monday, April 20, that it will submit a draft law to Parliament banning the sale of assets in profitable state-owned companies for two years, despite agreeing earlier to sell…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The Romanian Social Democratic Party, or PSD, announced on Monday, April 20, that it will submit a draft law to Parliament banning the sale of assets in profitable state-owned companies for two years, despite agreeing earlier to sell minority stakes in the same enterprises as envisaged by the EU-sponsored Recovery and Resilience Plan.
The announcement comes after prime minister and National Liberal Party (PNL) leader Ilie Bolojan announced the first steps of a broad restructuring plan targeting Romania’s state-owned enterprises. The plan aims at improved financial discipline, possible mergers or closures, and the potential listing of selected companies on the Bucharest Stock Exchange.
