ECONOMY MINISTRY
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Romania Has Big Listing Plans For 2012
The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall.
Romanian Power Company Oltenia Gets The Go-Ahead
Romanian Economy Ministry Tuesday approved the merger of mining company Societatea Nationala a Lignitului Oltenia (SNLO) and energy producers Turceni, Craiova and Rovinari into a single powe...
Parliament Committees OK Economy Ministry Budget
The 2012 budget of Romania's Economy Ministry was approved Monday by the specialty Parliament committees, with 26 votes for and 15 votes against.
Nuclearelectrica, Hidroelectrica Plan IPOs To Raise Capital
Romanian Economy Ministry plans to sell stakes of 10% in power producers Nuclearelectrica and Hidrolectrica to increase the share capital of the two companies, according to a draft governmen...
Economy Ministry Companies Reduced Arrears, Posted 50% Lower 9-Mo Losses
The companies under the Romanian Economy Ministry's authority and monitored by the IMF have reduced their arrears, cut their personnel expenses by 4.5% and posted 50% lower losses in the fir...
The EUR25B Question: Who Takes Care Of The 100 Leading Exporters?
Neither the government, nor the Economy Ministry could answer a ZF request for a list of the 100 largest exporters in Romania, the value of their exports and their performance in the first s...
Economy Ministry Supports Exploitation Of Gold Deposits In Rosia Montana – State Secretary
Romania’s Economy Ministry supports the exploitation of gold deposits in Rosia Montana, but the Rosia Montana Gold Corporation (RMGC), the company which wants to develop the mining project,...
Mining Company CNH To Undergo Reorganization By End 2011
Romanian state-run mining company Compania Nationala a Huilei (CNH) will separate its viable units from the non-profitable ones by the end of 2011, with the latter scheduled for decommission...
ZF Exclusive: Plans For Private Management As Seen From Inside The Economy Ministry
The plan to bring managers from the private sector to the helm of the large state-controlled companies is a strategic target for Romania and will be carried out at any price.