Remus Vulpescu resigns as head of OPSPI

Remus Vulpescu has tendered his resignation as head of the State Industrial Shareholdings and Privatisations Office (OPSPI) to the minister of economy, trade and the business milieu, OPSPI reports.

In his resignation letter, Vulpescu apologises to the public and the Government leadership for the failure of the September 21, 2012 tender to privatise the Oltchim SA chemicals plant.

Economy Minister Daniel Chitoiu announced early this week that Vulpescu will be dismissed after the privatisation of Oltchim is over.

Dan Diaconescu, a media mogul and national leader of the Dan Diaconescu – People’s Party (PP-DD), was declared the winner of the tender, but his negotiations with the Romanian Government conducted September 24 – October 1, 2012 ended without a sale agreement having been signed for the package of shares owned by the Ministry of Economy, Trade and the Business Milieu or Oltchim’s unpaid liabilities to the State Assets Realisation Authority (AVAS) and Electrica.

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