The fund’s portfolio includes controlling or minority stakes in 33 state companies in the pharmaceutical, transport and energy fields, such as electricity provider Electrica, natural gas provider Romgaz SA and pharmaceutical company Unifarm SA.
The Lower Chamber’s economic policies committee included in the bill 10 companies that are currently unprofitable and which weren’t included in the piece of legislation during its time at the previous parliament chamber, the Senate. These include railway operator CFR SA, postal service operator Posta Romana and Traian Vuia airport in Timisoara.
“FSDI will aim at developing and funding profitable and sustainable investment, being a funding mechanism which will identify and materialize investment opportunities with impact on durable economic development and long –term job creation. At the same time, the Sovereign Development and Investment Fund will contribute both to Romania’s efforts to get the emergent market status for the domestic capital market by increasing liquidity on the Bucharest Stock Exchange (BVB), as well as to the increase of the absorption level of non-refundable European funds by ensuring the co-funding financial sources of the investment projects,” according to the Government.