Romania Reports 148 Million Euro Loss In State Companies

President Nawrocki vetoed amendments to the family and electoral code. The President stated that the recent modifications allow for the unlimited and uncontrolled use of public funds. According to the source, directors and administrators of state companies could potentially claim large sums for transport, accommodation, per diems, and representation. The President described these changes as a cover for masked material benefits within companies managing Romania's strategic resources. Vice-Premier Oana Gheorghiu stated that upcoming stock market listings for state-owned companies, including Hidroelectrica, Romgaz, and CEC, will be limited to between 5% and 10%. This follows claims by Senator Petrișor regarding the government's intent to sell large share packages to foreign funds. Gheorghiu noted on Facebook that Petrișor holds millions of lei in several state companies, including those proposed for listing. An institution monitoring state companies reported losses of nearly 200 million euros due to issues in selecting and appointing board members for major energy firms including Hydroelectrica, Romgaz, and Nuclearelectrica. Similar issues occurred in transport companies such as CNIR, Metrorex, and Cefere. Only approximately 52 million euros have been recovered so far.