state
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CEC Bank To Grant Extra Loans Of RON30–35B After Getting RON940M Capital Injection From State
The Romanian state’s capital injection of RON940 million, from the state budget, into lender CEC Bank, will enable the latter to grant additional loans of RON30 – 35 billion, said Laurentiu Mitrache, member of the executive management of CEC Bank, as Managing...
Gheorghe, Competition Council: Business Environment Is Interested In Products Offered By The State
Romania’s public acquisitions market, valued at EUR15 billion per year, is not a competitive market, said Gratiela Gheorghe, Head of Auctions Department within the Competition Council, speak...
Romania To Play A More Active Role As Minority Shareholder - Nicolescu
The Romanian state will play a more active role, in the upcoming months, in the companies in which it owns a minority stake, like Fondul Proprietatea (FP.RO) does, Energy Minister Razvan Nic...
Romania Selects Team That Will Sell Stake In Romtelecom
A consortium led by Swiss Capital – the largest brokerage on the Romanian market – will be the state’s consultant in the sale of the 46% stake in major telecom operator Romtelecom, according...
Oltchim Privatization, The Perfect Disaster Of Politicians Managing The State
“Is there anything more? There’s nothing more,” Remus Vulpescu, head of the Economy Ministry's privatization office OPSPI, said Friday after opening the envelope containing the offer of Dan...
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.
Lawyers: Restricting Right To Foreclose State's Shares Is Unconstitutional
The Romanian Government's plan to suspend for five years its creditors' right to seize or place distraint on shares in state companies is in breach of the Constitution and of EU law, and wil...
Senate Approves Bill Appointing Private Management At State-Owned Companies
The Romanian Senate on Wednesday approved with 66 to 23 votes and seven abstentions a bill on appointing private managers at state-owned companies.
Public Officials Owning Over 5% In A Firm May Be Forced To Disclose Contracts With State
The Romanian Senate’s administration committee on Tuesday approved a bill whereby only public officials who own over 5% of a firm must disclose the respective firm’s contracts with the state...