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Bucharest
July 31, 2021
BUSINESS

Private managers working for state – failed project

The Ministries of Economy and Transport have uselessly spent millions of euros on recruiting independent managers for subordinated state-owned companies, proving they simply do not wish to give up on the public control over public money taps, adevarul.ro notes. Only a few of the almost 60 companies included in the project now have private management. In some other cases, the successful candidates in the selection procedure unexpectedly renounced the positions and now the ministries are looking for replacements. Most time, communication regarding the recruitment process has been inadequate and there are also sources who say the Ministry of Transport purposefully suspended the process of hiring private managers. Businesspeople interviewed in a mini-survey by ‘Adevarul’ say the hiring of private managers to head state-owned enterprises is doomed to fail, as the political establishment refuses to lose control over the ‘taps’ through which they can have the easiest access to public funds. One of the IMF’s most decisive requirements for cleansing up public enterprises of political ticks therefore has never moved up from the level of theoretical intention, although the December 31 deadline is around the corner.

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