Privatisations: living on the edge
Privatisation has been the mantra chanted by every Government in charge in the past years and it has become one of the words written in capital letters in the agreement Romania signed with the International Monetary Fund (IMF). Diana Mesesan talks to analysts in the field to find out to what degree is privatisation the right choice for state-owned companies November 2012 - From the Print Edition
Romania has to privatise the majority stake of certain state companies or a minority stake in others, as a condition to receive a 3.6 billion-Euro loan from the IMF.
The IMF ran its sixth evaluation in July-August this year, and said Romania has to fulfil several main requirements, including: the privatisation of Oltchim and CFR Marfa [state freight operator], the listing of a 15 per cent stake in Transgaz [state gas transport company], a 15 per cent stake in Romgaz [gas producer], a ten p... To continue reading this article you have to be registered
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