SNLO
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State-Run Companies Go From Losses Of EUR500M To Profits Of EUR300M
The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion.
SNLO Made Unlawful Payments, Causing Losses To State Budget In 2009-2011
The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and...
Romanian Authorities Set Up Strategy For Coal Mining Firm SNLO
Romanian authorities will continue to lay off staff at coal mining company SNLO, cease underground activity, remove positions created through direct employment and send staff into furlough,...
SNLO To Lay Off 300 People By Yearend
Romanian state-owned mining company SNLO, one of the main coal suppliers for thermal power plants, will lay off 300 employees by the end of the year.
SNLO's Receivables Higher Than Debts
Romanian state-owned mining company SNLO has a debt of 300 million lei (around EUR71 million) to suppliers and to the state budget, while receivables reach RON500 million, general manager Da...
Hard Coal Mining Company SNLO Plans To Take Out RON40M Loan
Romanian state-owned lignite company SNLO plans to take out a one-year loan worth 40 million lei (EUR9.5 million).