Financial expert Adrian Codirlasu has a quick solution for increasing budgetary resources – selling minority stakes in profitable state-owned companies. “This means that the state retains control, the state decides what happens. However, the Bucharest Stock Exchange already has governance codes that are fully compatible with those of the OECD. Those companies would be subject to those codes. It would be a listing condition on the stock exchange,” Codirlasu stated in an interview with spotmedia.ro. Codirlasu emphasized that listing state-owned companies could increase their profitability and, consequently, the state's revenues from dividends: “We see that those state-majority companies listed so far give almost all their profit as dividends.” According to Codirlasu, the amount the Government could obtain from the sale of shares ranges between 10 and 20 billion euros. “Being a one-off sale (meaning it happens only once, not recurrent), it does not factor into the deficit calculation, going directly into the Government's reserves,” he explained. The financial expert specified that such a maneuver would quickly reduce borrowing costs: “It would quickly lead to a decrease in loan interest rates because it would be enough for the Executive to show that it has financial reserves to be able to expect lower interest rates. The Government would have a very wide margin of action. This would reduce the burden of external debt. We already see that what we pay on public debt is very high.” Thus, selling minority stakes in public companies is presented by CodirlaSu as a quick and efficient solution for strengthening the budget and reducing the burden of the state's debt.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
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Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
