Romania Econ Min Dismisses Ctrl Bk, CEC Involvement In Invest Fund As Bogus

„I wish to clarify some data regarding the Romanian Investment Fund. The idea of CEC and the central bank being involved doesn’t belong to us, it’s bogus,” Videanu told a news conference.

The Government plans to set up the state-run Romanian Investment Fund to finance larges economic projects, according to a document obtained by MEDIAFAX Tuesday.

The future fund would be fueled by the state’s minority stakes in several companies and by cash contribution from CEC Bank, as well as by money obtained from previous privatizations, deposited at the central bank, the mentioned document noted.