OLTCHIM
251 articole · RSS
GM Says Oltchim Must Restart Operations, Pay Back Wages To Employees In Two Weeks
Mihai Balan, the new general manager of Romanian state-run chemical company Oltchim SA (OLT.RO), said Wednesday he will meet with bank officials to discuss unlocking the company’s accounts t...
Mangold, Influential German Businessman: Long-Term Commitment More Important Than Privatization Proceeds
A hasty privatization is more likely to have negative consequences and the state should look for a long-term investor that would bring technology and create jobs, rather than having the pric...
Oltchim Names New General Manager
Romanian state-run chemical company Oltchim SA (OLT.RO) has appointed Mihai Balan as its new general manager, just one day after the government has failed to complete the sale of a 54.8% sta...
Premier: Romania Acknowledges Annulment Of Oltchim Bid, Sale Failure
The Romanian Government acknowledged the annulment of the auction regarding the sale of the state-owned stake in chemical plant Oltchim Ramnicu Valcea (OLT.RO) and the failure of the privati...
Romania To Put Oltchim Under Voluntary Liquidation Unless Sale Succeeds
The Romanian Government pledged to put chemical company Oltchim (OLT.RO) under voluntary liquidation unless the privatization succeeds in the agreement with the International Monetary Fund.
Oltchim Employees To Get Social Aid If They Go Unpaid For Two-Three Months
Romanian Labor Minister Mariana Campeanu on Monday said the Government will grant emergency social aid of 1,400 lei (EUR308) to each employee of chemical plant Oltchim Ramnicu Valcea (OLT.RO...
Oltchim Employees Extend Protests Into Third Day
Over 300 employees of Romanian chemical company Oltchim Ramnicu Valcea (OLT.RO) staged their third consecutive day of protests Friday, asking to be paid their back wages and calling for the...
Chimcomplex Fails To Buy Oltchim’s Debt To Electrica
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO), owned by businessman Stefan Vuza, has not bought the EUR150 million debt of chemical plant Oltchim Ramnicu-Valcea (OLT.RO) to state-ru...
BNR: IMF Deal Not Endangered By Negative Outcome Of Oltchim Sale
A potentially failed privatization of Romania’s financially-troubled chemical company Oltchim (OLT.RO), while sending a negative signals to investors, would not endanger the country’s agreem...