Romania: The ‘Proprietatea’ Fund sold all stakes in Electrica subsidiaries, amid constant fiscal changes from the Government

Romania’s investment fund Fondul Proprietatea, managed by Franklin Templeton said it has sold on Wednesday all of its stakes in the subsidiaries of power utility Electrica for an overall 752.03 million lei ($190.60 million).

The fiscal changes made constantly and repeatedly by the Government, may have driven the fund to act this way!

Representatives of Romania’s largest local and foreign investors’ associations criticised the government on Wednesday for repeated and sudden changes to tax and income policies without proper consultation and impact assessments. They said unpredictible fiscal policies and labour force shortages will put the Romanian economy at risk.



Read more about these top factors to watch, in the Romanian economy, on The Times of India.


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