STATE OWNED ENTERPRISES
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Social/Politics
Economy Ministry Requests Budget Revisions For Almost 50 State Companies
Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not approved this request, although the law does not bar changes to these b...
HR
Who Will Recruit Managers For State-Owned Companies?
The largest head-hunters of the local market, who “hunt” top executives and charge EUR25,000 to EUR30,000 for it, will get in the race for the most ambitious recruitment project in Romania a...
Social/Politics
World Bank: A Quarter Of Romania's State-Owned Cos Are Practically Bankrupt
A quarter of Romania's 760 state-owned enterprises, such as RADET, CFR or Oltchim, are unprofitable, with nonviable assets and de facto bankrupt, meaning almost 100,000 employees would be le...