Energy
OMV Awaits Romanian Fiscal Frame To Complete 10-Year Strategy For Petrom
Gerhard Roiss, the head of Austrian oil group OMV, Thursday said he has informed Romanian President Traian Basescu and Prime Minister Emil Boc on the group’s strategy for activities in Roman...
Schneider Electric: Education Is Romania’s Main Competitive Edge
Technical skills and knowledge of several foreign languages are the main advantages of the Romanian workforce, says Saulo Spaolanse, who took the reins of the local operations of Schneider E...
Shareholder Requests EC Investigation Into State Aid For Oltchim
German group PCC, a minority shareholder in Romanian chemical plant Oltchim Ramnicu Valcea, has asked the European Commission to begin an investigation into the state aid prepared for Oltchi...
Romania To Appoint Private Managers At 9 State Companies In 2011
Romanian government will appoint private managers at nine state-owned companies by the end of 2011, with six more enterprises to follow suit next year, according to the country’s letter of i...
Petromservice Former Managers Indicted For Embezzlement
Two former managers of Romanian oil company Petromservice have been indicted for embezzlement, along with three other people charged with money laundering, the five having caused damage to t...
Drought Causes Extension Of Power Export Contract With Rudnap Till Yearend
The energy export contract signed by Romania’s largest energy production companies and the local branch of Serbian energy group Rudnap, will be extended through the end of the year, even tho...
OMV Petrom Marketing’s Capital Slashed By RON735.2M
Romania’s leading oil company OMV Petrom (SNP.RO) will lower the share capital of its retail division OMV Petrom Marketing by 735.2 million lei (EUR171.6 million) to RON245 million, the comp...
Dafora Hikes Share Capital By RON2.8M
Romanian drilling company Dafora Medias (DAFR.RO) increased its share capital to 100.2 million lei (EUR23.4 million), below the planned level, after shareholders subscribed shares worth RON2...
Needed Skills For New Managers Of State-Owned Companies
The profile of the future managers of state-owned companies should include significant experience of at least ten years in top management positions with market leading companies, as well as...