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STATE COMPANIES

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Energy

Government: Operation “CEO Wanted For EUR10B Business” Starts Monday

The Economy Ministry this Monday starts the selection of consultants who will manage a project involving companies with over EUR10 billion in turnover: private management for state-owned com...

Oana Gavrila · 05.09.2011 · 00:00 · 1 min
Energy

Economy Ministry: State-Run Companies To Invest RON16.7B By Yearend

The Romanian Economy Ministry on Wednesday announced that 18 companies it controls will complete investment worth a total 16.7 billion lei (EUR3.9 million) between July and December 2011, tw...

Andrei Cîrchelan · 31.08.2011 · 16:01 · 1 min
Baicusi: State-Owned Companies Will Not Have Private Management Soon
Companies

Baicusi: State-Owned Companies Will Not Have Private Management Soon

Adrian Baicusi, 46, a manager with an experience of over 15 years in companies such as OMV or Siemens Romania (where the salary package reached EUR20,000/month), who in 2009 agreed to run st...

Oana Gavrila · 16.08.2011 · 00:00 · 2 min
Basescu Says Some State-Owned Companies May Go Bankrupt
Social/Politics

Basescu Says Some State-Owned Companies May Go Bankrupt

Romanian President Traian Basescu said Tuesday on public radio he does not rule out the possibility of several state-owned companies to go bankrupt, adding the Government does not have to al...

Oana Gavrila · 02.08.2011 · 14:26 · 1 min
Franks: Romania To Put 15 Companies Under Private Management
Macroeconomics

Franks: Romania To Put 15 Companies Under Private Management

Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday.

Florentina Dragu · 01.08.2011 · 11:55 · 1 min
HR

Headhunters May Recruit Managers For Romanian State-Owned Firms

The World Bank has suggested that Romania use headhunters when recruiting for management positions in state-owned companies, Tuesday said Alexandru Sandulescu, director with the Economy Mini...

Andrei Cîrchelan · 24.05.2011 · 14:21 · 1 min
Social/Politics

Basescu Finds “Barons of the Economy” In Energy Companies

President Traian Basescu at the end of last week identified the big "boyars-barons" of the Romanian economy as being the managers of the biggest local energy companies. These state-held comp...

ZF English · 09.05.2011 · 01:03 · 1 min