Romania: Another Major Privatization Ahead

Politics ♦ Published: August 6, 2013; 22:54 ♦ (Vindobona)

Romania´s government intends to sell the publicly held share in the telecommunication group Romtelecom.

Romania: Another Major Privatization Ahead / Picture: ©

In order to receive a precautionary loan from the IMF, Romania´s government has initiated a number of privatizations. Last week, Romania´s government has concluded an agreement with the IMF and the EU Economic and Financial Committee, Prime Minister Ponta said. In total, Romania receives a loan of € 4.0bn equally split between the IMF and the EU. The authorities intend to treat the…