“This is the annual bill that Romanians are footing,” said the deputy prime minister, who described these companies as “black holes for Romania’s economy.”
According to her, the largest contributors to the budget deficits are CFR Marfă, SNCFR, and Romaero. The official emphasized, however, that state-owned companies cannot be treated uniformly, as some represent critical infrastructure, others strategic industrial platforms, and still others are commercial entities or residual vehicles that generate constant losses.
Each company in the pilot portfolio was evaluated, according to Deputy Prime Minister Oana Gheorghiu, across seven dimensions: strategy, governance, business model, and commercial, operational, asset, and financial performance. Financial data was automatically retrieved from the systems of the Ministry of Finance and ANAF to eliminate redundant reporting and ensure a common basis for analysis.
Following the evaluation, the Government divided the 22 c...

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