Support The Moscow Times!

Romanian Sell-Off Set

BUCHAREST -- An agency managing most of Romania's privatization scheme said that by mid-July it would complete selection of 3,000 state enterprises for sale this autumn as part of a mass state sell-off. "By July 15, the State Ownership Fund (SOF) will have shortlisted 3,000 state-run companies to go private starting September and some of their shares will be swapped for ownership vouchers," the spokesman Marin Badea said. He said the SOF was selecting the 3,000 companies together with Romania's five Private Ownership Funds, or POFs, and that the main selection criterion was profitability.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more