The listing on the stock exchange of some minority packages of shares in state companies does not mean privatization, but the chance of modernization, to make investments, of which, obviously, will benefit every Romanian, considers the Minister of Energy, Virgil Popescu.
On Wednesday, the government adopted the draft law amending Law 173/2020 on some measures to protect national interests in economic activity.
“It is a bill that I have supported and I consider necessary. As I have stated on other occasions, I would like to assure that we do not privatize. The state must be the majority shareholder in all companies and companies of interest.
“Listing minority stock market shares does not mean privatization, but the chance to modernize, to make investments, of which, obviously, will benefit every Romanian”, said the Minister of Energy Virgil Popescu.
According to the source quoted by Agerpres, the draft law proposes the abrogation of the provisions of art. 1 – 3 of Law no. 173/2020 on some measures to protect national interests in economic activity, with subsequent amendments.
Thus, by diversifying the shareholders, it is intended to ensure a return to a competitive situation on the market, in which each company, credit institution and any other company in which the state has the status of shareholder aims to achieve certain objectives by alienating shares held by state.
At the same time, by repealing articles 1, 2 and 3 of Law no. 173/2020 on some measures to protect national interests in economic activity, with subsequent amendments, will be avoided both worsening of the economic situation of some economic operators in which the state holds the status of shareholder, potential situations of insolvency and affecting the state by reducing revenues, as well as the social consequences.
“The proposed measures have a direct impact at the macroeconomic level, allowing, on one hand, the development of specific activities of economic operators, in conditions of economic efficiency, and on the other hand, the increase of budget revenues from valuring shares,” the statement said.