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Romania: Privatization as a Potential Driver for Economy

Politics ♦ Published: July 29, 2013; 11:01 ♦ (Vindobona)

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Romania has to privatize more state-owned enterprises to become one of fastest emerging economies in the European Union.

Romania: Privatization as a Potential Driver for Economy / Picture: © Vindobona.org

According to Mark Mobius, the executive chairman of Templeton Emerging Markets Group, Romania needs to privatize more state-owned enterprises (SOEs) and set up a strong pipeline of initial public offers (IPOs) to generate new chances for investments in these companies.

In a blog post Mobius announced that Romania could become one of the fastest developing economies in the EU, if…