PRIVATIZATION
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Government Expects To Raise EUR450 From Sale Of Stakes In Petrom, Romgaz, Cupru Min
Romania’s government expects to raise over 2 billion lei (EUR448.2 million) from the sale on the stock exchange of minority stakes in oil company OMV Petrom (SNP.RO) and natural gas producer...
IMF: Government Should Decide Which Companies To Keep And Sell Or Close The Rest
The Government must decide which companies it keeps and privatize or liquidate the remaining ones because the Romanian sector of state-run enterprises is still oversized even when considered...
Ponta Meets With Russian Ambassador To Bucharest For Talks On Oltchim
Romania’s Prime Minister Victor Ponta on Monday met with Russia’s ambassador to Bucharest for talks on the privatization of chemical plant Oltchim Ramnicu Valcea (OLT.RO).
Failure Of 2012 Privatizations: From EUR1B Initially Expected To EUR37M
The Romanian state expected to raise around EUR1 billion from privatizations in 2012, but got only EUR37 million from the stock exchange sale of 15% in state-owned power grid operator Transe...
Romania Puts Off CFR Marfa Privatization After CSAT Rejected Sale Strategy
The privatization process of railway freight carrier CFR Marfa was suspended and could not be completed by yearend because the company’s sale strategy has not been approved by the Supreme De...
Oltchim Will Put Public Procurement Contracts At Privatization Office’s Disposal
Romanian chemical company Oltchim (OLT.RO) will send all its public procurement contracts whose initial value exceeds EUR500,000 to the Economy Ministry’s privatization office OPSPI.
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 Privatization Contract Delayed Over Missing Clauses
Romanian politician and television host Dan Diaconescu Monday refused to sign the contract for the purchase of a 54.86% stake in state-run chemical company Oltchim SA (OLT.RO), saying the de...
Oltchim Privatization, The Perfect Disaster Of Politicians Managing The State
“Is there anything more? There’s nothing more,” Remus Vulpescu, head of the Economy Ministry's privatization office OPSPI, said Friday after opening the envelope containing the offer of Dan...