Local organizations are pointing put serious problems with the government’s decision to transfer a large package of stocks of Constanta port to the city’s mayor, Radu Mazare.
The Port Operator and the National Federation of Trade Unions Port indicate serious problems in Constanta port. It is noted that these organizations have sent several complaints related to the port`s activity, but they remained unanswered. On this occasion, they also want to fire a warning signal on the negative effects of transferring Constanta port`s shares from the ministry to local authorities.
Mayor’s Radu Mazare insistence on the transfer of Constanta port`s shares to local authorities seem to have results, considering that PM Victor Ponta said two weeks ago that “some of the shares will be listed and the rest will be divided equally between the Town Hall and government, but I want as much involvement of private capital investment as possible”.
Related to his decision, Ponta adds that it`s about the “local authority, which is normal to have a big say in the development of the port”.
Currently, the Constanta port shares are divided as follows: 60% – Minster of Transportation, 20% – Property Fund, 20% – Constanta City Hall.