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Economy minister: Flawed selection process for Board of Directors members found at six state-owned companies

September 18, 2025

Six state-owned companies were found to have applied for years a through and through flawed selection process of the members of the Board of Directors, who were actually handpicked through a dedicated procedure, Minister of Economy Radu Miruta told a press conference on Thursday.Miruta announced that he ordered the extension of the controls to the rest of the companies in the portfolio of the ministry, after the checks carried out at the first six entities - IOR, IAR, Avioane Craiova, Iprochim, the 2 Mai Shipyard, and Minvest - found that the process for the selection of the members of the Board of Directors had been tampered with by intentionally circumventing the law. "Administrative acts were signed at the Ministry that had a repealed legal basis. Laws that were no longer in force were considered, precisely in order to plant certain persons in office by skipping potential obstacles," Miruta said.He assured that he will not stop here. "Such things are not to be tolerated under my watch at the Ministry, they will not be accepted. I'm not looking back, I'm looking at what we can do next. And for such things to never happen again, the law must be changed courageously," the minister said.He also explained that the legal experts in the control body informed him that the uncovered deeds can be charged as crimes and that at the end of the process he will send a thoroughly documented complete report to the Prosecutor's Office.The Economy minister stressed that all damages must be recovered."Romania is not at all a poor country. Romania is an impoverished country. Romania is a country rich in resources and the paradox is that the common people do not feel in their pockets the benefit of living in a rich country, because of the political decisions set on the way between the country's resources and the people's pockets, and which go against the interests of the grassroots. We must have the courage to talk about it, no matter how many denigrating articles those exposed will order," the minister concluded. (Photo:https://economie.gov.ro/)

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