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BCR privatization report declassified

Joi, 23 noiembrie 2006, 0:00

The final report on the privatization of Romania’s largest bank, the Romanian Commercial Bank-BCR, was declassified on Wednesday at the request of PM Calin Popescu Tariceanu. But the document does not contain any new information on the deal that had Austrian Erste Bank buy a majority stake in BCR, as it proved to be just a history of the privatization process.

The Romanian state and Este Bank have accepted certain confidentiality clauses in the contract, as it happened in the other major privatizations in the Romanian economy, such as thoso of oil company Petrom or telecom operator Romtelecom.

A scandal related to the Petrom privatization these days prompted Tariceanu to call for a review of the BCR privatization report yesterday morning.

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