The performances of public enterprises are polarized, given that five companies make 87% of the dividends paid last year to the state budget, and five others generate approximately 87% of the consolidated losses, said on Wednesday, Mihai Precup, State Secretary in the Prim Chancellery – To the Minister, according to Agerpres.

“The performances of public companies are polarized. We have five companies that generate 87% of the dividends paid last year to the state budget, somewhere around 6.6 billion paid to the state budget, 7.6 billion lei in dividends distributed by consolidated state companies Also, in terms of losses, we have five companies that generate around 1.3 billion losses, around 87% of the consolidated losses. So I think we have to find individual solutions for each company the companies that are highly performing and generate dividends to the state budget, to identify those three companies that we keep talking about that we have to list by 2026, a firm commitment that the government has made. Of the 216 companies, we have 19 that are listed already at the Bucharest Stock Exchange (BSE) and, of course, respects the highest standards of corporate governance and transparency,” said Mihai Precup.

He mentioned that all the companies owned by the member states generate approximately 12% of the consolidated capital market at the OECD level. At the European level, state companies owned by European states generate around 8% of the capital market.

“Do you know how much Romanian state companies generate at the BSE? 44% of the capital market, those majority owned by the state. If we also add the companies where the state has relevance in terms of the decision-making process, even if it is a minority, I am thinking here at OMV Petrom, Rompetrol, we reach 64% of the national stock market capitalization generated by companies where the state is a significant shareholder and has a relevant point of view in the decision-making process somehow the thing in terms of the development of the capital market at the national level. Indeed, he has made a commitment to list three more companies by 2026, but I think we need to see more companies from the private sector that to come to the capital market to support development at the national level. The 19 companies, remember what I’m telling you, were successful listings,” Precup said.