“In the near future, we will apply a new form of management at some of the state-owned companies. (…) We want to start with companies that underachieved, but also with companies that had excellent results, to see the immediate effects of this new method of management. These two companies might be CNH and Hidroelectrica,” Ariton said.
He added the exact details of the project are not fully established, and there might even be three pilot companies for the implementation of private management.
According to the minister, company evaluation should be complete by the end of July and private management should be appointed in September-October.
Romania’s largest 30-40 state-owned companies will have private management, appointed by government-contracted head hunters, according to recent statements by Jeffrey Franks, the head of the IMF delegation to Romania.