PSD President Marcel Ciolacu accuses Prime Minister Florin Cîțu of plotting “the biggest robbery in the country’s modern history”, namely “he wants to sell – for nothing – the most powerful and profitable state-owned companies”.
“It was not enough for them to steal during the pandemic! After the huge loans of 30 billion euros, made last year, Cîțu is now plotting the biggest robbery in the modern history of the country!
He wants to sell – NOTHING! – the strongest and most profitable state-owned companies! Everything that remained more valuable in the patrimony of the Romanian state, companies with profits of billions of lei!
Prime Minister Florin Cîţu announced on Thursday that the Law on the non-alienation of state-owned shares in national companies will be repealed, offering his own interpretation.
“We will repeal that law altogether. (…) This is not about alienating shares, it is about attracting capital to Romania. That’s what we do, we capitalize on these companies. We do not have the resources to budget to capitalize all these companies, to the needs that these companies have for investments and to develop. And then, of course, that part of the shares or ownership of these companies is transferred, in exchange for this capital, to other shareholders. It’s happening all over the world. And, moreover, what I observed in Romania, but also in other countries, where I had such capital injections and then came with a successful management, with a corporate governance, (…) those companies they were saved, they moved on, they hired people, they were profitable, they paid taxes to the budget. This is the recipe we want to follow “, Cîţu explained, in an interview on Radio Guerrilla.
He added that Romania wants to signal that it has a modern economy, which knows how to work with capital market instruments.
“What we do by repealing the law does not necessarily mean that we will start selling tomorrow. No, it is a signal that we give to the capital market, to foreign investors that in Romania private property is sacred, first of all, and, secondly, that we are not a country that does not want investors to come. So, we are an open economy, a modern economy, which knows how to work with the tools of the capital market “, the prime minister declared.
According to him, the sale of Petrom, considered “generic”, was “a good thing”. “If I look today, there are many elements of privatization there, but, generically, that was a good thing,” said Florin Cîţu, when asked about the sale of this company.
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