The companies targeted are railway company CFR SA (CFR Infrastructura), passenger railway carrier CFR Calatori, airline Tarom, national roads authority CNADNR, subway company Metrorex, the Bucharest Airport National Company (CNAB), port administrator Administratia Porturilor Maritime Constanta, navigable Danube canal administrator Administratia Canalelor Navigabile, Timisoara International Airport “Traian Vuia” and Telecomunicatii CFR, the ministry said in a press release Wednesday.
The consortium will recruit over 50 private managers (ten general managers and 43 managing board members). Selection must be finished by the end of the year, PwC Romania said in a statement.
Under standing agreements with the IMF and the EC, Romania’s Government has pledged to appoint private management at several state-owned companies.
Economy Minister Daniel Chitoiu said last week procedures to select private managers at 48 state-owned companies had been launched and the selection would be finished by the end of the year.