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Romania's sovereign fund to be launched in 2018

Romania's first sovereign fund for development and investments (FSDI) will be available starting January 1, 2018 and it will finance the developments of infrastructure alongside greenfield and brownfield investments, said Mihai Fifor, the minister of Economy.

2017-09-07 14:18:46

"We are waiting for the approval of Eurostat and then we will pass the law in Government and submit it to the Parliament," he said.

The FSDI will have 27 profitable companies in its portfolio and will start with a share capital in cash of 1.85 billion RON. The dividends paid by this companies in which the state has shares will go directly to the FSDI, this being one of its main financing mechanisms.

The fund will be shareholder in companies such as Engie Romania, Electrica, Telekom Romania, Hidroelectrica and Conpet.



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