PRIVATIZATION
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No Mention Of Any Privatization Or Listing Of State-Run Companies In 2012 Budget Draft
The 67-page report accompanying the 2012 state budget draft does not include even a single mention of the privatization of state-owned companies and of the sale of shares via the Bucharest S...
Transport Ministry Calls Off Bid To Select Broker For Tarom IPO
Romanian Transport Ministry has canceled the auction to select a broker for the sale of a 20% stake in state-run airline Tarom, citing lack of interest from brokerage houses.
Economy Ministry: Russian TISE Interested In Buying Oltchim
Russian electricity producer TISE is interested in buying the majority stake in chemical company Oltchim (OLT.RO), according to a news release issued Thursday by the Romanian Economy Ministr...
The Story Of Petromservice’s Insolvency
Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over th...
Romania To Sell Majority Stakes In Electrica Units, IMF Says
Romanian government has agreed to sell its majority stakes in three units of state-run power company Electrica and to privatize the country’s planned energy holdings Oltenia and Hunedoara, a...
IMF: Romania Needs Privatization, Private Management To Foil “Wise Guys”
The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profi...
Romania Holds On To Majority Stake In Electrica - Sources
Romanian government doesn’t agree with the International Monetary Fund’s proposal to privatize the state-run energy company Electrica, but will sell minority stakes in the company’s three di...
IMF Wants Romania To Privatize Electrica - Economy Ministry Official
The International Monetary Fund is not highly interested in replacing low-efficiency thermal power producers with new units through privatization, but there is “pressure” to sell electricity...
Cupru Min To Be Put Up For Privatization With Record Profit In First Half
Cupru Min, which holds the rights to mine the largest copper deposit in Romania, near Rosia Poieni, accounting for some 60% of the total national copper reserves, will be put up for privatiz...