Romanian Govt Chooses Optimization Over Privatization - WB

The Romanian government prefers to boost efficiency in the companies it owns, not privatize them, a World Bank official said Tuesday.

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Peter Harrold, Country Director for Central Europe and the Baltic Countries at the World Bank, said the local government shows little appetite for privatization at the moment, and it seeks to improve performance in state-owned energy and transport companies.

Furthermore, according to Harrold, authorities should focus on improving the decision-making process and reshuffle management councils, rendering them more "balanced".

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