- Category: Economy
- Published on Wednesday, 08 October 2014 10:58
Romania plans to attract foreign cash with the public listing of some more state-owned companies next year.
Facing a pressing need to raise cash, Romania plans next year to list more state-owned companies, mainly from the energy sector, on the Bucharest bourse, or stock exchange.
“We want to continue listing companies such as the power producer Hidroelectrica, energy holding CE Oltenia, Bucharest airport company and the harbour at Constanta,” Prime Minister Victor Ponta said. “The listings will be tried next year and should end in 2016,” he added.
Under privatisation plans agreed with the IMF, Romania has agreed to sell minority stakes in key energy and transport companies.
No information about the expected amount of money to be raised on the Bucharest bourse has been disclosed.
Romania is in the process of selling off stakes in several state-owned companies. Progress has been mixed, however.
Lengthy delays have dogged the sale of companies such as rail freight operator CFR Marfa, postal company Posta Romana and petrochemicals company Oltchim.