The data concerned the efficiency of management of state-owned enterprises and commercial companies with predominantly state capital for the period 2022-2024. They show unsatisfactory corporate governance: out of 108 operating organizations, 55 are headed by interim administrators. At the same time, some of them have had their mandates extended well beyond the legal term of one year.
There is also a significant reluctance to conduct mandatory external financial audits. Only 15 out of some 240 state-owned companies comply with this requirement. These shortcomings have affected the sector’s profitability, which has plummeted from one billion lei to just one million lei, although the total value of assets has increased.
“We need to urgently restructure state-owned enterprises,” representatives of the supervisory bodies stressed during the discussions.
– Profitability has sharply decreased, so state assets should be brought to a profitable state or, if necessary, immediately subjected to insolvency, liquidation or privatization procedures.”
Following the meeting, the commission asked the relevant agencies to take prompt action to implement the recommendations of the Accounts Chamber. Among the priority actions are the acceleration of the process of delimitation of state property, completion of outstanding institutional reorganizations and professionalization of the boards of directors of state-owned companies – measures necessary to ensure transparent management of public funds.
