Orban called the bill “an aberration”.
“We are in the process of listing Hidroelectrica on the stock market, we are negotiating to develop CEC Bank through capital injection from an institutional investors, be it the EBRD or another bank. How could we not list companies in the stock market when this can be a solution to revive companies that aren’t performing? I really think it [the bill] is an aberration,” said Orban.
The lower chamber voted 199 to 89 to adopt the bill initiated by social democrat senator Serban Nicolae. The bill was adopted in Senate back in May and the lower chamber had the final say. The bill still needs to be signed off by the president to become law.
Analysts have criticized the bill saying it would be counterproductive while claiming to protect Romania’s economic interests in difficult times. If it becomes law, the would hinder Romania’s economic recovery this year, under the impact of the COVID-19, as well as in the future, analysts said.