STATE COMPANIES
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Leu Depreciation Erodes Profits Of Listed Companies
Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ r...
Romanian Public Institutions Spent Over RON150M On Legal Services In 2009-2012
Romanian public institutions and state-owned companies spent over 150 million lei (EUR33 million) on legal services between 2009 and May 31, 2012, during the democrat liberal administration,...
Romania To Extend By One Year Deadline To List Key State Companies
Romania’s government extends by one year, until December 31, 2013, a deadline to list minority stakes in several state-owned companies on the Bucharest Stock Exchange and on international ma...
Government Drops Advisors Involved In Bringing Private CEOs To State-Run Companies
The consortium made up of executive search company Pedersen&Partners, law firm NNDKP and strategic management advisory Roland Berger, which was appointed in September last year to help the E...
Economy Ministry Companies Reduced Arrears, Posted 50% Lower 9-Mo Losses
The companies under the Romanian Economy Ministry's authority and monitored by the IMF have reduced their arrears, cut their personnel expenses by 4.5% and posted 50% lower losses in the fir...
Tanasescu: Economy Ministry Lags Behind In Reorganizing State Companies
The Romanian Economy Ministry has slowed down the process reorganizing the companies it controls, while progress has been registered in the transport sector, Romania’s representative to the...
Franks, IMF: Romania Made Insufficient Progress In Dealing With Money-Losing Companies
Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the In...
EXCLUSIVE: Private Managers May Earn Millions Of Euros Leading Romanian State Companies
The private sector managers that will be appointed to lead Romanian state-owned companies could earn as much as EUR75,000 gross per month, plus millions of euro per year in the case of highl...
ZF Exclusive: Plans For Private Management As Seen From Inside The Economy Ministry
The plan to bring managers from the private sector to the helm of the large state-controlled companies is a strategic target for Romania and will be carried out at any price.