Deputy PM Viorel Stefan: Law on Sovereign Fund to be adopted during the summer

The bill regarding the setting up of the Sovereign Development and Investment Fund could be adopted by the Parliament in May-June, according to Deputy PM Viorel Stefan, as he told on Monday to a press conference organized by the Bucharest Stock Exchange (BVB), in marking a decade since the listing of Transgaz on the main BVB market.

“The Sovereign Development and Investment Fund project is currently being debated by the Senate. Depending on how long it takes for it to go through the two Chambers, the bill will be promulgated and start to produce its effects. I estimate that the law will be adopted somewhere in May-June,” said Stefan.

According to him, there is no discussion at this point about a possible taking over of Transgaz.

“As the bill looks now, there is nothing in there about a possible taking over of Transgaz, although any modification could be possible,” specified the Deputy PM.

The Sovereign Development and Investment Fund (FSDI) will have almost 90 companies in its portfolio, although initially it was about 27 such companies, as shown by the Vice President of the Financial Supervision Authority (ASF), Mircea Ursache, in November 2017.

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