In February, the Senate adopted the ordinance on placing state-run companies Transelectrica and Transgaz from the Finance Ministry to the Government’s General Secretariat.
The two companies have been administered by the finance ministry since March 2013. Previously, they were part of the economy ministry’s portfolio.
Romania owns a 58.51% stake in Transgaz.
In 2013, the company reported revenue worth RON1.55 billion (EUR353.1 million), up 10% on the year, and a net profit of RON336.8 million, 2% higher compared with 2012’s profit.