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March 31, 2023

Local reindustrialisation study for public debate

Economy Minister Adriean Videanu launched yesterday for public debate a study on Romania’s reindustrialisation. Videanu stated that he hopes the Government, parties and business environment will take the document upon themselves, Mediafax informs. According to Videanu, Romania’s reindustrialisation should be made by correlating the academic environment, the research and innovation sector and the real economy since there is a “fracture” between the last two. Liviu Voinea, director of the Applied Economics Group (GEA), has drawn attention to the fact that not much can be done when it comes to infrastructure as long as the Government contracts expensive loans. In other developments, Ovidiu Nicolescu, president of the National Council of SMEs, has asked the economy minister to modify the investments law and the state subsidy scheme for companies that invest more than EUR 100 M in order to make it relevant for projects worth below EUR 100 M too.

Romanian and Kazakh authorities are holding talks about collaborating in uranium mining, but the talks have nothing to do with Kazakhstan’s KazMunaiGaz paying the RON 2.4 bln debt that Rompetrol owes to Romania’s budget, the economy minister said. In what concerns EnergoNuclear, the authorities will decide in August at the latest by how much the state will lower its participation in the project, Videanu stated during a press conference without going into further details.

On the other hand, the debt that CFR owes to energy distribution companies could be covered by the state selling the minority share packages that it holds within the said companies or by offering dividends, the minister recently added.

Last week the minister also asked for “a firm answer” from CEZ in what concerns its involvement, alongside Termoelectrica, in constructing a power plant. ArcelorMittal has filed an offer for that investment too.

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