State-Owned Enterprises (SOEs) in Romania yield approximately €26 billion in revenue, yet subsidies outweigh their overall profits.

State-Owned Enterprises (SOEs) in Romania yield approximately €26 billion in revenue, yet subsidies outweigh their overall profits.

A recent report by the Romanian Association for the Evaluation of Public Policies (AMEPIP) has highlighted a concerning trend in the country's SOEs. According to the data collected by AMEPIP, a total of 266 companies incurred combined losses amounting to RON 2.5 billion.

The report also revealed that Romania's SOEs generated revenues of RON 127 billion (EUR 26 billion) and received subsidies totalling RON 14 billion. Interestingly, the aggregated profits of these SOEs reached just RON 15 billion, which means that the subsidies granted to them were larger than their profits.

The report also noted that roughly 300 enterprises failed to submit financial data, and another 250 reported zero revenue. As a result, these 550 companies are now facing penalties.

The top-performing SOEs account for 96% of the overall turnover and employ 173,000 of the 256,000 staff working in state enterprises. Hidroelectrica, a major player in the energy sector, contributed 46% of the total profits for Romania's SOEs.

AMEPIP monitors 1,326 public enterprises across Romania, including 376 joint-stock companies, 88 autonomous regies, and 842 limited liability companies.

Seven specific companies, including CFR, Electrocentrale Craiova, Unifarm, CFR Marfă, Termoenergetica, Metrorex, and Complex Energetic Valea Jiului, accounted for RON 2 billion in losses despite receiving government subsidies.

The data tables collected by AMEPIP will be made publicly available in the coming days, providing a more detailed breakdown of the financial performance of Romania's SOEs.

It is worth noting that the search results do not contain direct or specific data about how much Romania's SOEs receive in subsidies compared to their profits in recent years. Precise recent figures or a detailed comparison between subsidies and profits for Romania's SOEs are not provided in the retrieved documents.

To obtain detailed, current numbers, one would need to consult Romanian government financial reports or specialized economic studies. These reports and studies are not part of the search results provided.

1. The financial performance of Romania's SOEs, as revealed by AMEPIP's report, shows that subsidies granted to these companies were larger than their aggregated profits, raising concerns in the realm of finance and politics.
2. Despite receiving substantial subsidies, seven specific companies (CFR, Electrocentrale Craiova, Unifarm, CFR Marfă, Termoenergetica, Metrorex, and Complex Energetic Valea Jiului) recorded RON 2 billion in losses collectively, indicating a business challenge within the general-news context.

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