SovRom

[7] Sovrompetrol was followed by Sovromtransport and Tars (transportation), and later by Sovrombanc (banking and commercial monopoly), Sovromlemn (wood processing), Sovromgaz (natural gas), Sovromasigurare (insurance), Sovromcărbune (coal exploitation in the Jiu Valley and other areas), Sovromchim (chemical industry), Sovromconstrucţii (construction materials), Sovrommetal (iron mining — around Reșița), Sovromtractor (future Tractorul [ro], in Brașov), Sovromfilm (importing Soviet cinema productions), Sovrom Utilaj Petrolier (producing oil refining equipment) and Sovromnaval (shipbuilding in Constanța, Giurgiu, and Brăila).

[21] The SovRoms' end, evidence of the relative emancipation of the Romanian Workers' Party from Soviet control, ran parallel to the De-Stalinization process; it was approved by Nikita Khrushchev and carried out by Miron Constantinescu (head of the Planning Board).

[23] The first measure was taken in 1954 (through accords signed in March and September):[7] Soviet shares in 12 of the 16 enterprises were taken over by the Romanian state, in exchange for a sum to be paid in installments of merchandise exports (in 1959, the debt was set at over 35 billion lei).

[26] However, the Romanian government signed an agreement that would replace Sovromcuarț with a new state-owned company which was to carry on the mining and processing of uranium ore, delivering its entire output to the Soviet Union.

[28] The gesture was used by First Secretary Gheorghe Gheorghiu-Dej, who had previously ensured the SovRom's efficiency,[29] as a means to gain popularity with Romanian citizens and, in parallel, to advertise the idea that Romania had the sufficient “requirements” for socialism after completing nationalization.