The head of state at the end of last week identified the big"boyars-barons" of the Romanian economy as being the managers ofthe biggest local energy companies. These state-held companies arecontrolled by the Economy Ministry, led by PD-L (Democratic LiberalParty), with their bosses being appointed solely based on politicalcriteria and also PD-L members.
Băsescu did not cite any examples from among the state-heldcompanies managed by the Transportation Ministry, an institution heran in the past. TAROM reached 55 million-euro losses in 2009, 34times higher than in 2008 and CFR (The National Romanian RailwayCompany) reached debts of around 1.9 billion lei (over 450 millioneuros) to suppliers of electricity, be they state-held orprivately-held.
"I mention them publicly because their losses, their arrears arepaid for by every Romanian. Why are we paying for them? Becausetheir managers, who have been politically appointed and politicallyblessed, are not in the least worried about arrears, stocks,personnel increases, salary funds. They are the big boyars of theRomanian economy. The barons of the Romanian economy are mainly tobe found in public corporations," said Băsescu. Turceni andRovinari energy complexes did not post losses last year, but theirprofit margins are extremely low, even lower than 1%.
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