State companies with losses of tens of millions, “copy-paste” reform plans despite “completely different” situations. Oana Gheorghiu's accusations
“Each lei wasted in a state company that does not work is a lei that does not reach hospitals, schools, roads, pensions”, warned interim deputy prime minister Oana Gheorghiu, on Tuesday, in a post in which she talks about the case of the four state companies, with cumulative losses of 38.4 million lei, for which a state authority approved “copy-paste” restructuring plans.
Oana Gheorghiu said that the Authority for the Administration of State Assets (AAAS), “the sole or majority shareholder in hundreds of state-owned companies”, approved in March 2026 “copy-paste” reform plans for four state-owned companies even though they face “completely different realities”.
“The sections of measures in the four plans are textually identical. The same text, the same phrases, the same template, regardless of whether we are talking about: a company that sells commercial spaces in Alexandria; one that owns radioactive assets in Ilfov; one with blocked real estate properties in Botoșani and Arad; or one with 83 million lei in land near Craiova,” wrote the interim deputy prime minister on Facebook on Tuesday.
“Four completely different realities, same plan. One plan copied four times, regardless of context and specifics,” she added.
Oana Gheorghiu said that AAAS does not appear as an active actor in any of the plans. According to the deputy prime minister, the institution did not call any AGM for forced restructuring, no replacement of management and did not initiate any court action.
“Financial projections have nothing to do with reality”
Oana Gheorghiu said that Radioactiv Mineral Măgurele has cumulative losses of 3.9 million lei and revenues decreasing by 38%, and “the object of activity is physically impossible to exercise in the current conditions”.
“AAAS has not initiated either voluntary liquidation or change of object. The plan projects a profit of 490,000 lei per year starting in 2026, in a context of current loss and revenue collapse,” she added.
The deputy prime minister said that, in the case of Active Conexe SA (former Ford Craiova platform), “AAAS did not impose any capitalization calendar”, and “the plan foresees the doubling of profit for four consecutive years, with unverifiable assumptions”, even though “42% of the owned properties valued at 100 million lei generate costs without producing any income”.
The official also spoke about the case of the Arcadia 2000 company, where “assets have been immobilized for years” and “AAAS has not taken any legal or administrative steps to unlock it.”
Oana Gheorghiu claims that AAAS approved the plans even though “the financial projections are not related to reality” and “figures that do not stand up to basic verification” appear.
“A company with a current loss of 196,000 lei and collapsing revenues projects a profit of 490,000 lei the following year, with no structural measure to explain this reversal. Another company proposes to cover 529,000 lei cumulative losses from profits of 46,000-98,000 lei per year for eight years — with no margin for error, no alternative, no penalty if the projection does not materialize,” she continued.
