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IMF Calls On Romanian Government To Eliminate Requirements For Opening Hypermarkets
The International Monetary Fund and the European Commission called on the Romanian Government again to eliminate restrictions for opening large retail stores, as the country failed to observ...
Basescu: Romania Doesn’t Have To Pitch In To Raise IMF Resources, But It Sure Could Have
Romania doesn’t need to join the other EU states in a common effort to increase the financial resources of the International Monetary Fund, but it would have been “more than able” to do so i...
Government Wants More Flexible Approach To Regulation Freezing Public Sector Hiring
Romania’s Government wants a more flexible approach to the rule whereby only one in seven vacant public sector positions may be filled next year, with a view to applying it at a higher level...
IMF Urges Romania To Privatize Main Thermal Power Producer
The International Monetary Fund has asked Romania’s Government to transfer thermal power producer Electrocentrale Bucuresti (ELCEN) to the Economy Ministry and begin privatization procedures...
Government Postpones Oltchim Privatization Until April 2012
The International Monetary Fund has agreed to a four-month extension until April 2012 of the privatization deadline of Romanian state-run chemical plant Oltchim (OLT.RO), the government said...
Govt Delays Selling Energy Companies Oltenia, Hunedoara Until End-2012
Romania and the International Monetary Fund have agreed to delay by six months until the end of 2012 the privatization of the country’s planned energy companies Oltenia and Hunedoara, accord...
Electrica To Transfer Supply Business To Electrica Furnizare
Romanian government has decided power company Electrica SA is to transfer its supply business to its unit Electrica Furnizare and to privatize the latter by end-October 2012, according to th...
Romania To Continue Layoffs In Railway Sector, Close Lines For Which Auctions Failed
The Romanian Government will continue layoffs in the railway sector next year and will carry on auctions to lease 1,600 kilometers of extended railway, according to a letter of intent agreed...
Romania To Put 2 New Firms Under Private Admin, Removes CFR Marfa From List
Romania's government has taken out freight railway operator CFR Marfa from a list of state-owned companies to be run by private managers, while adding two new enterprises, according to the c...