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Social/Politics

Romania Pledges To Restructure Revenue Service By IMF June Board

Romania's Government will adopt an ordinance restructuring revenue service ANAF before the IMF's board meeting in June and will finish taking stock of all state company and budget arrears fr...

Radu Bostan · 15.05.2011 · 17:37 · 1 min
Automotive

Government Promises To Hike Train Ticket Prices By More Than Inflation

Romania's Government has promised the International Monetary Fund that, by the end of August, it will amend legislation to allow state-owned transport companies CFR Calatori and Metrorex to...

Radu Bostan · 15.05.2011 · 17:35 · 1 min
Energy

Legal Advisors For Privatizations To Be Selected By July

Romania's Government will appoint, by July, legal advisors for the stock it plans to sell in state companies CFR Marfa, Tarom, Petrom, Transelectrica, Transgaz, Romgaz, Hidroelectrica and Nu...

Radu Bostan · 15.05.2011 · 17:34 · 1 min
Macroeconomics

State-Owned Companies To Crack Down On Debtors

The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrea...

Andrei Cîrchelan · 15.05.2011 · 13:03 · 1 min
HR

IMF Sees Government Organising Tenders "On TV" To Recruit Managers

The Government is set to conduct transparent international tenders based on the "TV model" to select consultancies that will handle the recruitment of independent professional managers for a...

ZF English · 11.05.2011 · 10:57 · 1 min
Energy

Romania Vows Quick Privatization Or Liquidation For Oltchim - Draft

Romanian chemical company Oltchim (OLT.RO) will be liquidated if the government fails to privatize it by the end of the year, according to the draft letter agreed on May 3 between local auth...

Andrei Cîrchelan · 10.05.2011 · 17:54 · 1 min
Automotive

Romania To Pay RON737M Of Arrears Amassed By Roads Authority CNADNR Before July

The Romanian Transport Ministry will pay by the end of June 737 million lei (about EUR181 million) of arrears amassed by national roads authority CNADNR due to investment projects, according...

Ioana Tudor · 10.05.2011 · 17:52 · 1 min
Automotive

Romania Plans To Sell At Most 20% In Airline Tarom

Romania’s Government plans to sell 20% in national airline Tarom either on the stock exchange or to a strategic investor by the end of 2011, according to the draft letter of intent agreed wi...

Bogdan Neagu · 10.05.2011 · 16:29 · 1 min
Automotive

Romania Pledges To Float 20% In CFR Marfa By Yearend

Romania's Government will offer a 20% stake of state-owned railway company CFR Marfa by initial public offering, "with a view toward full privatization when market conditions permit," accord...

Radu Bostan · 10.05.2011 · 16:15 · 1 min