Adrian N Ionescu
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de Razvan Diaconu | 19.12.2016 .
The situation of the companies monitored or managed by the State Asset Administration Authority (AAAS) – the successor of former post-communist institutions in charge of privatisation – was most often described by lack of transparency. An unsurprising attitude if we look at the results of its activity – according to the analysis that was the subject of an unanswered interpellation of PNL Deputy Andreea Paul.
On its website, AAAS describes itself as “the Romanian reference institution in the field of administration / sale of state owned shares and receivables recovery, with more than 20-year experience“, having a portfolio of 278 companies with the state either major or minority shareholder.
Up-to-date statistics show that there is not much reason to maintain public financing for this entity, under whose authority:
Some conclusions from a reply that the PNL Deputy Andreea Paul recently received from AAAS, as she wanted to find out from an authorized source the situation of the state-owned enterprises:
Politics has always found options for preserving this institution that proves low efficiency, with responsibilities largely overlapping with those of the Ministries of Economy and Finance.
The authority that today employs 220 people “with expertise in the legal field, insolvency, management and financial analysis” is actually the successor of the State Ownership Fund (1991-2000), successively renamed between 2000 and 2012: APAPS, AVAB and AVAS.
The situation of the companies monitored or managed by AAAS, founded in 2012, was mostly characterized by dysfunctions and excessive politicisation.
This reality was subject of a parliamentary inquiry on the “situation of state companies” that the PNL Deputy Andreea Paul addressed on 29 November to four key state institutions:
“I am confident that many of the loss-making companies can turn to profit by making procedures transparent, which would not allow political intrusions anymore, including by an efficient monitoring of the performance indicators and the remuneration of the staff appointed to leadership positions within these state companies. AAAS has ignored the third question I have addressed with the inquiry: <<What is the salary of all personnel from leadership positions in these companies?>>, to which I have not received any response from AAAS,“ states Deputy Andreea Paul for cursdeguvernare.ro.