Search results for " inter-ministerial body"

ARGUMENTS FOR THE ESTABLISHMENT OF A SOVEREIGN INVESTMENT FUND IN ROMANIA

2013

The creation of the national development fund was approved in 2006 through the specific legislation. The main argument in supporting the idea of creating this fund was the fact that Romania still had to privatize some more governmental ownership companies and the sums that would be obtained were going to be used according to some very precise rules. Another argument was that the executive power had to assure the financing of some major infrastructure investment projects, to assure the local contribution of the project financed by structural funds and to assure de necessary funds for solving the problems caused by the retrocession of some buildings. The audit report of the Romanian Court of …