COMPANIES
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IMF: Romania To Sell Large Stakes In Key Energy Companies
Romanian authorities will make the necessary arrangements to sell “significant stakes” in several key energy companies in the coming months, including nuclear power company Nuclearelectrica...
State Companies To Report Financial Results To Finance Ministry
Romanian President Traian Basescu said Saturday that the top priority for 2011 is improving management in state companies and autonomous administrations, which will soon have to report to th...
Registration Agents To Handle Company Setup, Closure - Draft Law
The registration, merger or closure of Romanian companies, as well as procedures to authorize self-employed people, will be carried out by registration agents, according to a draft law appro...
Managers Of State-Owned Companies Forced To Meet Regular Performance Criteria
Romanian autonomous administrations and state companies will be required to inform the Finance Ministry about their financial indicators, monthly or quarterly, while managers will be fined o...
Romania Simplifies Procedures To Sell Its Minority Participations
The Romanian Government will simplify procedures to sell its minority stakes in companies, which will have to provide data needed to determine offer prices.
Romania To Set Up Investment Fund For Profitable SMEs With Cash Problems
Romania's Government will create an investment fund, fed by the National SME Loan Guarantee Fund, the Romanian Counterguarantee Fund and Eximbank, to finance profitable SMEs with temporary c...
Amended Romanian Public-Private Law Punishes Tender Contestation Losers
Companies will no longer have to provide a 2% guarantee in order to contest a Romanian tender for a public-private partnership contract, but a guarantee of 1% of the contract's estimated val...
Economy Minstry To Install Private Management In 25% Of Its Companies
Romania's Ministry of Economy this month will begin procedures to install private management in a quarter of the companies under its authority.
Romanian Finance Min: About 20,000 Cos May Pay Debts In Tranches
Romania's Finance Ministry estimates that about 20,000 companies will meet the conditions of government emergency ordinance no. 29/2011 and will thus be able to pay their debts to the state...