The selection procedures target to get involved as many headhunting and management experts as possible both from Romanian and from abroad, “without any restrictions and artificial conditions used to favor certain participants,” the ministry said in a press release.
“The implementation of the professional management for 47 state-run companies is a means of getting the country’s economy back on track and getting technocrats involved in the administration of the country’s wealth. The 47 state-run companies in question have fallen into dire financial straits and, in order to bounce back, they need managers who are not politically involved, the press release also reads.
It also said the documentation needed for the selection procedure is “modern and transparent” and includes no conditions that might restrict the free access of all professionals willing to get involved in the recovery process of state-run companies.
The list of targeted companies includes hydropower producer Hidroelectrica, chemical plant Oltchim, oil storage and shipment firm Oil Terminal, oil transporter Conpet, natural gas companies Romgaz and Transgaz, thermal power producer ELCEN, electricity producers Electrocentrale Deva, Electrocentrale Galati and Electrocentrale Paroseni, power grid operator Transelectrica, energy company Electrica, salt mining company Salrom, the national sparkling water company, copper mine Baita Stei, as well as companies Conversmin, Econord, Eurotest, CIR SA, Cupru Min Abrud, chemical design institute Iprochem, Certej and Rosiamin.
Under standing agreements with the International Monetary Fund and the European Commission, Romanian authorities need to appoint private management at multiple state-owned companies.