State owned companies will be required to participate in public auctions

Anca Alexe 15/03/2018 | 17:25

The government approved a memorandum which includes a series of measures regarding companies with a full or majority state ownership. In short, these companies will be required to participate in public auctions organised by publicly financed institutions and authorities.

According to Finance minister Eugen Teodorovici, the memorandum will lead to “increased competitiveness of state-owned companies, through public acquisition procedures.”

First, a complete list of companies owned fully or partially by the state, and then an order of the National Agency for Public Acquisition will be issued to establish the obligation for contracted authorities to send a participation invitation to economic agents on the list, in accordance with their activity sector. The third step involves mandating state representatives in administrative boards and general shareholders assemblies to decide upon the obligation to send offers and participate in public acquisition procedures.

Teodorovici added that the memorandum had a positive feedback from the Competition Council and that the document will “bring important changes and, perhaps, a paradigm shift”.

“It is something that should have been done a long time ago, and I think that from now on things will change,” the minister said.

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