Romania’s AVAS Eyes RON261M From Privatization Deals In 2010

Romanian privatization authority AVAS estimates total revenue of 395 million lei (EUR1=RON4.2488) in 2010, of which nearly RON261 million are expected from privatization deals, according to the authority’s revenue and expenditure budget.

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Last year, AVAS reported total revenue of RON152.8 million. Of that, RON21.9 million came from privations.

In the January 1 - April 16 period, AVAS registered revenues of RON94.9 million. The authority cashed in RON27.7 million from privatization deals, while RON54.2 million represented dividends.

Mid-April, AVAS president Aurelian Popa said the authority wants to sell its majority stakes in 13 companies and the minority stakes held in 90 other companies in 2010.

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