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House of Deputies rejects privatization of Romanian Lottery, National Printing House

Marţi, 13 iunie 2006, 0:00

The House of Deputies rejected on Tuesday a law that would approve a governmental ordinance for the privatization of the Romanian Lottery and the National Printing House. The law fell against the opposition of Democratic deputies – part of the governing coalition, as well as representatives of the opposition Social Democrats and the Greater Romania Party.

The initiative was fully supported by the Liberal Party, the Hungarian Democrats and part of the Conservative Party – not enough for the legislation to pass.

The draft legislation had been also rejected in the Commission for the Economy in the House.

The Romanian Senate had approved the privatization strategy of the Romanian Lottery on March 22 this year. The strategy would transfer 20% of the RL shares to the Proprietatea Fund, a fund aimed at compensating people whose properties were confiscated by the Communist regime.

According to the same strategy, the procedure would also be applied in the case of the National Printing House.

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