Scholarship. Would Vanguard, Blackrock, Goldman, the «sheriffs» on Wall Street, still invest in Hidroelectrica if the Romanian state sells 5-10% of the shares on the Bucharest Stock Exchange? «10% of Hidroelectrica means one billion euros. It can also be a private placement overnight if the political context is clear.»

By selling 5-10% of Hidroelectrica (H2O) at the Stock Exchange, the Romanian state can quickly attract 2.5-5.5 billion lei for energy investments, such as the end of the Tarniţa-Lăpuşteşti hydroelectric plant, and to cover from the deficit, while supplementing actions from the buyers will increase the liquidity and the local stock market.