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Privatization-Driven Transformation of Romania’s Industrial Landscape

A new book by Luminiţa Chivu, Constantin Ciutacu, and George Georgescu, “explores the privatization of state-owned companies from 1992 to 2015 and its impact on the industrial landscape. The authors focus on privatization’s results, which have been lower than expected, both in terms of revenues and contribution to industry restructuring, due to delays, poorly prepared offers for sale, intentional deterioration of companies’ financial situation in order to sell them, hostile takeovers and post-privatization significant diversion of the production or services activities performed before the change in ownership.” Only one-fifth of all companies that have been privatized in Romania are still active.

Source: SpringerLink

The effects of the privatization-driven transformation of Romania’s industrial landscape

A new book explores the effects of the privatization-driven transformation of Romania’s industrial landscape. privatization and Industrialisation in Romania, by Luminiţa Chivu, Constantin Ciutacu, and George Georgescu, “explores the privatization of state-owned companies from 1992 to 2015 and its impact on the industrial landscape. The authors focus on privatization’s results, which have been lower than expected, both in terms of revenues and contribution to industry restructuring, due to delays, poorly prepared offers for sale, intentional deterioration of companies’ financial situation in order to sell them, hostile takeovers and post-privatization significant diversion of the production or services activities performed before the change in ownership.” Only one-fifth of all companies that have been privatized in Romania are still active.

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