OLTCHIM
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Vosganian Says State Aid Should Be Granted To Oltchim By Mid-Year
Romania’s Economy Minister Varujan Vosganian on Thursday said state aid should be granted to chemical plant Oltchim Ramnicu-Valcea (OLT.RO) by the middle of the year, or it will no longer be...
Oltchim To Have New General Manager By March 15
Romania’s Economy Ministry will appoint special administrators and a new general manager at insolvent state-owned chemical plant Oltchim by March 15, Economy Minister Varujan Vosganian said...
Arpechim’s Teardown Spells Doom For Oltchim
OMV Petrom (SNP.RO) may have posted its highest net profit ever and may be focusing on oil, gas and power production but the one of its refineries among the largest in the country, Arpechim,...
Ponta Says Oltchim And CFR Marfa Will Have To Cut Staff
Romania’s state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will not be able to keep all its employees after restructuring and staff cuts will also be operated within railway freigh...
Romanian Economy Minister Calls On EU Commissioner To Approve State Aid To Oltchim
Romanian Economy Minister Varujan Vosganian requested EU Commissioner for Competition Joaquin Almunia to approve a EUR45 million state aid to Romanian chemical plant Oltchim (OLT.RO).
Oltchim To Name New General Manager In March
Romanian state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), which has recently entered insolvency, will appoint a new general manager next month to replace Mihai Balan, the Economy Mi...
Court Admits Oltchim’s Insolvency Request
The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO).
Oltchim's Legal Administrator To Present Restructuring Solutions In April
The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the...
Rominsolv, BDO Business Restructuring Named Oltchim’s Interim Legal Administrators
A firm owned by lawyer Gheorghe Piperea and BDO Business Restructuring, part of international group BDO, have been appointed interim legal administrators of Romanian state-run chemical plant...