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Bucharest
October 23, 2021
BUSINESS

Gov’t sets up Department for Privatisation and Management of State Assets

The government approved the setting up of a Department for the Privatisation and Management of State Assets, through which the minister of Economy will coordinate the privatisation and monitoring of energy companies, among others, an entity announced as due to be the only structure in charge with privatisations, Mediafax reports. The approval of the emergency ordinance for setting up the Department was announced by the government at the end of a meeting held Wednesday, without other details. The act provides the founding of the Department for the Privatisation and Management of State Assets, reporting to the Ministry of Economy and under the coordination of the minister of Economy, by reorganising of the Office for State Interests and Industrial Privatization (OPSPI) and taking over the privatisation attributions of the Department for Energy. The Department will take and exert the attributions of OPSPI and of the Department for Energy, including those relative to the post-privatisation monitoring of the clauses provided by sale-purchase contracts signed as part of privatisation processes, for national companies.

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