PRIVATIZATION
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Oltchim Won’t Be Shut Down, It Will Eventually Be Privatized: Economy Minister
Romanian insolvent chemical company Oltchim SA (OLT.RO) will not be shut down and will be privatized later if government does not manage to sell it on June 6, Economy Ministry Constantin Nit...
Nita: Romania To Sell 15% In Cuprumin Next Year
Romanian state-run copper producer Cuprumin Abrud will likely float 15% of its own shares in Bucharest next year, following a modernization process, Economy Minister Constantin Nita said Thu...
Romania To Have First Draft Energy Strategy By October, Minister Says
Romania's minister-delegate for energy Razvan Nicolescu said Romania will have its first draft energy strategy by October.
Romania Could Expect Bids For Posta Romana In June-August - Minister
Romania will resume the privatization process of its postal operator Posta Romana once the European Commission accepts a conversion of the company’s debt into shares and bids may be expected...
Romania To Get EUR350M At Best For Romtelecom Stake, MP Says
Romanian government will get EUR350 million at best for its 46% stake in Romtelecom that it put up for sale last year, deputy Mircea Cazan, member of the IT&C Committee of the Chamber of Dep...
Main Business Events In 2013
ZF has listed the main events of 2013 in Romanian business, which include the biggest-ever profit made by a company in Romania, the opening of the first bridge linking Romania to Bulgaria in...
Electrica To Split Into Two Companies Ahead Of Privatization
Romanian state-owned electricity distributor SC Electrica SA will split up into two companies ahead of a planned privatization process, according to a draft government decision.
Transport Ministry Expects Revenues Of RON11.4M From Minority Stake Sale In 2014
Romania’s Transport Ministry expects privatization revenues of 11.4 million lei (EUR2.56 million) in 2014 from the sale of minority stakes in the companies it controls, according to the mini...
IMF: Romania Must Rethink Options Regarding CFR Marfa If Restructuring, Privatization Fail
The International Monetary Fund would appreciate it if Romania completed the privatization of state-run freight railway carrier CFR Marfa before deadline, set for mid-2015, an IMF official s...