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REORGANIZATION

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Stock Market Trend Gives Insolvency Firms Hope They’ll Be Able To Sell Troubled Companies’ Assets
Capital Market

Stock Market Trend Gives Insolvency Firms Hope They’ll Be Able To Sell Troubled Companies’ Assets

The return of the local stock market to growth, which reached the high of the last seven months on Wednesday, is giving hope to insolvency firms that the economy would resume growth and inve...

Radu Bostan · 01.03.2012 · 00:00 · 2 min
Volksbank Group Puts Romanian Unit In “For Sale” Box
Banks-Insurance

Volksbank Group Puts Romanian Unit In “For Sale” Box

Lender Volksbank Romania will be transferred to a new division of Austrian group Volksbank, which includes non-core businesses, along with Volksbank Leasing International and Volksbank Malta...

Andrei Cîrchelan · 16.12.2011 · 11:50 · 1 min
Real Estate

Romania To Reorganize State Inspectorate For Construction, Set Up Regional Departments

Romanian authorities will reorganize the State Inspectorate for Construction (ISC) by closing county inspectorates and setting up eight regional departments for construction, according to an...

Ioana Tudor · 02.11.2011 · 19:05 · 1 min
Third Time’s The Charm For Romania’s Energy Sector Reorganization
Energy

Third Time’s The Charm For Romania’s Energy Sector Reorganization

The government’s latest bid to reorganize the national energy system, through the creation of complexes Oltenia and Hunedoara, is seen by specialists as a better idea than the two previous o...

Andrei Cîrchelan · 13.10.2011 · 18:00 · 1 min
Mining Company CNH To Undergo Reorganization By End 2011
Energy

Mining Company CNH To Undergo Reorganization By End 2011

Romanian state-run mining company Compania Nationala a Huilei (CNH) will separate its viable units from the non-profitable ones by the end of 2011, with the latter scheduled for decommission...

Florentina Dragu · 08.09.2011 · 11:52 · 1 min
Posta Romana To Close 450 Offices, Restructure 1,400 Jobs
Technology &Telecoms

Posta Romana To Close 450 Offices, Restructure 1,400 Jobs

Romanian postal company Posta Romana will continue its reorganization with the closing of 450 offices and restructuring of 1,400 jobs, having closed 900 offices earlier this year, bringing i...

Radu Bostan · 12.07.2011 · 14:05 · 1 min
Social/Politics

Boc: Local Authorities To Take Over Certain Ministry Duties

Romania's administrative reorganization will begin by transferring certain duties from ministry structures to local authorities, while negotiations will continue in the ruling coalition, Pri...

Radu Bostan · 27.06.2011 · 17:13 · 1 min
Social/Politics

Romania Postpones Reorganization Plans On Lack Of Political Support From Hungarian Minority Party

Romania’s ruling coalition has decided to postpone plans on the country’s administrative reorganization as the Hungarian minority party UDMR, part of the coalition, rejected all the proposit...

Gavrila Oana · 27.06.2011 · 11:59 · 1 min
Anti-Hungarian Atmosphere In Romania Delays Adoption Of Bill On National Minorities – Party Leader
Social/Politics

Anti-Hungarian Atmosphere In Romania Delays Adoption Of Bill On National Minorities – Party Leader

Kelemen Hunor, leader of the Democratic Union of Hungarians in Romania – part of the Romanian ruling coalition - said Saturday the statute of national minorities won’t be adopted by June 30...

Tudor Ioana Raluca · 25.06.2011 · 18:41 · 1 min