Orban: Hidroelectrica, Nuclearelectrica, Romgaz are companies that are profitable, they are well managed

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The Government’s vision is to ensure an efficient management in all state-owned companies, Prime Minister Ludovic Orban said on Thursday.

“Our vision is to ensure efficient management in all state-owned companies. We will apply Law 111 … For the time being, we are sure that we are in a situation where we have to appoint some managers, because we replace some managers who have underperformed. If companies perform, management is maintained, see Hidroelectrica, Nuclearelectrica, Romgaz, they are companies that are profitable, which are well managed. Where there was counter-performance, obviously we dismissed the managers and put in managers that would substantially improve the activity of the companies. We will make the selection procedure according to Law 111, so as to ensure quality management, because quality management can ensure the performance of many state-owned companies that today have losses due to the fact that they have been led by politicians who have no idea about the economy and have generated costs, losses of market or they have had a bad management,” said Ludovic Orban, quoted by Agerpres.

He responded to a question about the Government’s vision for state-owned companies, after the Minister of Finance said that all state-owned companies that receive subsidies and are on red should be dismantled or privatized, offering the example of CFR Calatori, according to financialintelligence.ro.

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