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Shortly before, Fondul Proprietatea, an academic symbol of FP, issued a press release in which he expressed gratitude for such a measure. Fondul Proprietatea says that the government's decision in this regard will have a negative impact on the economy and discourage foreign investment in the country. It is also emphasized that it is possible to arrive at a situation where we depend on natural gas from external sources at much higher prices.
"If adopted, the decision of the government will flagrantly violate the national legislation in force and the obligations assumed by Romania as a member state of the European Union to observe the free market principles and liberalize the gas market.This measure will have a very damaging impact on the economy and the attractiveness of the market for investors, which will discourage foreign direct investment in the country. Romania's energy independence will be jeopardized, and the country could be based on external sources of natural gas at higher prices over which the government will have no control, "said Fund officials, Agerpres reports , reported activenews.
"As financial investors, we are very surprised and worried that the government can eliminate the sponge for years while it has built its credibility with the international community in a single local investors, Romanian pension funds and international institutional investors have invested in the Romanian capital market in good faith in companies such as Romgaz and OMV Petrom to see the value of these investments destroyed by the government through arbitrary ceilings on gas prices would put Romania in the past, as the Ministry of Finance project is hampering the entire liberalization process that has taken place in a few years and threatens any future investment in the Black Sea, which is essential for Energy independence of Romania, said Johan Meyer, CEO of Franklin Templeton Investments Limited and Gesti portfolio of Fondul Proprietatea, quoted in the press release.
The only original shareholder of Fondul Proprietatea was the Romanian State. The shares issued by Fondul Proprietatea were transferred, free of charge, to holders of securities issued on the date of incorporation of the Fund, to subsequent purchasers or to persons compensated by decisions rendered after the creation of Fondul Proprietatea. At present, the shareholding structure is primarily foreign, with the largest shareholder being New York Mellon Bank and the Fund's investment manager, Franklin Templeton Investment Management Ltd., in the United Kingdom.
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