REORGANIZATION
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Cantacuzino Institute To Keep R&D Activity, Antibiotice Iasi To Manage Production
Romania's Cantacuzino Institute will be reorganized and its vaccine production process will be managed by state-run drugmaker Antibiotice Iasi, Prime Minister and interim Health Minister Vic...
Insolvent Asmita Gardens To Be Reorganized, Creditor Alpha Bank Loses At Least EUR15M
The creditors of Asmita Gardens, one of Bucharest’s largest residential compounds, have approved its reorganization plan, which states that the main creditor, Alpha Bank Romania, will recove...
ANAF To Consolidate 221 Tax Offices To 8 Regional Directorates, 47 Local Tax Offices
Romania’s tax authority ANAF will be reorganized in the next three years and its current 221 tax offices will be consolidated to eight regional directorates and 47 local tax offices, accordi...
Hidroelectrica Reorganization Won’t Entail Selling Assets, Company To Ensure Job Stability
The reorganization of Romanian state-owned hydropower producer Hidroelectrica, which entered insolvency Wednesday, will target economic mechanisms and will not entail selling assets, accordi...
Posta Romana To Be Reorganized And Privatized Until Yearend
Romania’s Communications Minister- designate Dan Nica said the privatization of state-run postal operator Posta Romana will be completed until the end of 2012 and will go hand-in-hand with a...
Dragoi: Tax Authority's Reorganization To Increase Budget Revenue By A Few Points
The reorganization of Romania's tax authority ANAF and improvements to the relationship between taxpayers and fiscal authorities will result in an increase to budget revenue of a few points...
New Power Producers Set To Emerge After Three Years Of Restructuring Plans
The energy market in Romania will include two new companies this fall, Complexul Energetic Oltenia and Complexul Energetic Hunedoara. The two are what is left of the reorganization plans tha...
Ungureanu Says Romania Needs To Be Reorganized Administratively
Romanian Prime Minister Mihai Razvan Ungureanu on Saturday said Romania needs to be reorganized administratively.
Romania Cancels Road Authority Reorganization, Fearing Delays In EU Fund Absorption
Romania's Transport Ministry has dropped plans to reorganize road authority CNADNR by separating its activities, since the authority has received European Commission accreditation under its...