Ruling Party Leader: Government Could Adopt Sovereign Fund Decree This Week

The chairman of Romania’s ruling Social Democrat Party (PSD), Liviu Dagnea, said on Monday that the Government could adopt a decree establishing a Sovereign Investments Fund during this week’s cabinet meeting or the following one.

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The Romanian Government will hold its cabinet meeting for the week on Tuesday.

“Yes, this week or next week. We had a draft presented in the coalition; the quicker, the better,” Dragnea told journalists at the Parliament on Monday when asked if the Government will pass the bill this week.

The fund would manage Government shares in major state companies, with the executive planning to have the Romanian Lottery and state printing house Imprimeria S.A. as the first two companies brought under the fund’s management, according to a recent draft bill published by Romania’s Finance Ministry.

The fund was initially established through a parliamentary bill in 2018, but the act was later nullified by the country’s Constitutional Court following a challenge made by President Klaus Iohannis. Constitutional judges ruled that the fund could only be established by Government decree.

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