ZF English

Will the state understand privatisations through stock market are a remedy against the crisis?

29.06.2010, 19:34 7

Privatisation of state-held companies through the Stock Exchangeis more than necessary, with Poland's experience confirming howeffective this is as a remedy against the crisis, concludedparticipants at the event "Selling the state's shares on the stockexchange and the launch of the Romanian Investment Fund" eventorganised by Ziarul Financiar.

In the absence of officials of the state, the main player on theprivatisation scene, participants had to confine themselves toimagining the effects of setting up the Romanian Investment Fund.

The event "Selling state's shares on the stock exchange and thelaunch of the Romanian Investment Fund" was organised by ZiarulFinanciar in partnership with consulting firm Mazars, the CentralDepository, brokerage UniCredit CA IB Securities, and SIFMuntenia.

Participants at the seminar organised by ZF included brokers,fund managers, investors, as well as representatives of the maininstitutions on the Romanian capital market. All agreed theBucharest stock exchange was suffering from low liquidity, and thatthe listing of the state's stakes in energy companies could solvethe liquidity problem. Representatives of the Economy Ministry didnot honour ZF's invitation.

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