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Ariton: State-owned Turceni, SNLO To Lay Off 500 People By Yearend
Energy

Ariton: State-owned Turceni, SNLO To Lay Off 500 People By Yearend

Romanian Economy Minister Ion Ariton on Wednesday said a total 500 employees will be laid off, by December 31, from thermal power producer Turceni and mining company SNLO.

Andrei Cîrchelan · 07.12.2011 · 13:38 · 1 min
Ariton: Romania Won’t Sell Stock In Transelectrica, Transgaz At Just Any Price
Capital Market

Ariton: Romania Won’t Sell Stock In Transelectrica, Transgaz At Just Any Price

Romania will sell minority stakes in key state-run companies such as Transelectrica (TEL.RO) and Transgaz (TGN.RO) only if it can get the “best price”, Economy Minister Ion Ariton said Monda...

Florentina Dragu · 05.12.2011 · 16:39 · 1 min
Ariton: Headhunters To Receive Just EUR50k For Finding CEOs At State Firms
HR

Ariton: Headhunters To Receive Just EUR50k For Finding CEOs At State Firms

Contracts for the recruitment of private management at Romanian state-owned companies will be concluded for EUR50,000-EUR60,000, while EUR250,000 is the contract value ceiling, Economy Minis...

Andrei Cîrchelan · 05.12.2011 · 15:36 · 1 min
Social/Politics

Romania To Reanalyze Rosia Montana Gold Mining Project

Romania’s Economy Ministry will reanalyze the country’s contract with Canada’s Gabriel Resources on the gold mining project in the western Rosia Montana, minister Ion Ariton told a news conf...

Oana Gavrila · 04.09.2011 · 13:17 · 1 min
Romania Looks To China For Investors In Cernavoda Nuke Project
Energy

Romania Looks To China For Investors In Cernavoda Nuke Project

Romania’s Economy Ministry has scheduled several meetings with Chinese investors regarding the construction of two new reactors at the country’s sole power plant in Cernavoda, minister Ion A...

Florentina Dragu · 11.08.2011 · 15:57 · 1 min
Energy

Economy Ministry To Sell 15% Stake In Transelectrica By End-October

Romanian Economy Ministry plans to sell 15% in state-run power grid operator Transelectrica (TEL.RO) on the Bucharest Stock Exchange by end-October, minister Ion Ariton said Thursday.

Florentina Dragu · 11.08.2011 · 14:26 · 1 min
Social/Politics

Romania's Budget Revision To Include State Aid For Money-Losing Mines

Romania's Economy Ministry and the mining unions in the Jiu Valley on Tuesday agreed to include state aid to close the money-losing mines in the budget revision, as well as provide severance...

Radu Bostan · 26.07.2011 · 20:24 · 1 min
Capital Market

Ariton: Petrom Offering Will Resume In 1Q '12 At The Earliest

Romanian Economy Minister Ion Ariton said the sale process of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO) will be resumed in the first quarter of 2012 "at the earliest."

ZF English · 22.07.2011 · 17:46 · 1 min
Government Could Add Oltchim To List Of Privately Managed Companies
Energy

Government Could Add Oltchim To List Of Privately Managed Companies

Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) could be included on the list of companies to be run by private managers, Economy Minister Ion Ariton said Tuesday.

Florentina Dragu · 19.07.2011 · 13:18 · 1 min