IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Arguments For The Establishment Of A Sovereign Investment Fund In Romania

Listed author(s):
  • MOLDOVAN Iosif

    (Lucian Blaga University of Sibiu, Romania)

Registered author(s):

    The creation of the national development fund was approved in 2006 through the specific legislation. The main argument in supporting the idea of creating this fund was the fact that Romania still had to privatize some more governmental ownership companies and the sums that would be obtained were going to be used according to some very precise rules. Another argument was that the executive power had to assure the financing of some major infrastructure investment projects, to assure the local contribution of the project financed by structural funds and to assure de necessary funds for solving the problems caused by the retrocession of some buildings. The audit report of the Romanian Court of Accounts contains conclusions about the evolution of the Romanian national fund and about the way the public resources were being used. The elaborated document that was given to the media, which can be considered a real case study, concerned the interest of the civil society towards the inefficient manner on which the funds obtained from the privatizing of the public sector are used and how some allotments of these sums were being distributed based on political criteria or in order to solve some personal or group interests. Lately, some public positions show support to the approach of building a national investment fund in one form or another. In this paper we propose to address to the aspects of this approach.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Lucian Blaga University of Sibiu, Faculty of Economic Sciences in its journal Studies in Business and Economics.

    Volume (Year): 8 (2013)
    Issue (Month): 2 (August)
    Pages: 68-73

    in new window

    Handle: RePEc:blg:journl:v:8:y:2013:i:2:p:68-73
    Contact details of provider: Postal:
    Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No 17, postal code 550324, Sibiu, Romania

    Phone: 004 0269 210375
    Fax: 004 0269 210375
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:8:y:2013:i:2:p:68-73. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mihaela Herciu)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.