privatization

Romanian Tourism Min Wants To Privatize Government Hotels

14:28, 13 Sept. 2011
Romanian Regional Development and Tourism Minister Elena Udrea said Tuesday, in a meeting with tour operators, that she wants to privatize the hotels managed by the State Protocol Patrimony Administration (RA-APPS).

Romania To Retain Majority Packages In Strategic Companies – PM

19:53, 11 Iul. 2011
Romanian Prime Minister Emil Boc said Monday that he supports selling minority packages in companies of strategic importance, such as Trangaz, Romgaz and Transelectrica, but the state needs to hold on to majority participations, in order to have "a strong say" in energy and other important sectors.

Romania Needs Energy Competition, Not Full Privatization – Enel

16:52, 20 Mai 2011
Romanian authorities need not privatize all energy companies or electricity producers, but the segment needs true competition, Friday said Luca D’Agnese, president of Enel Romania.

Romania To Float 20% In CFR Marfa By Yearend

16:36, 10 Mai 2011
Romania's Government will offer a 20% stake of state-owned railway company CFR Marfa by initial public offering, "with a view toward full privatization when market conditions permit," says the letter of intent agreed upon with the International Monetary Fund.

IMF: Romania To Sell Large Stakes In Key Energy Companies

10:51, 09 Mai 2011
Romanian authorities will make the necessary arrangements to sell “significant stakes” in several key energy companies in the coming months, including nuclear power company Nuclearelectrica and gas pipeline operator Transgaz, an official of the International Monetary Fund said Monday.

Romanian Govt Won’t Privatize Airline Tarom – Sources

17:32, 08 Mai 2011
The Romanian Government states, in the new letter of intent to the IMF, its goal to privatize chemical plant Oltchim and the Turceni, Rovinari and Craiova energy complexes, while its plan for airline Tarom is to sell only a minority package, people close to the matter told MEDIAFAX.

EXCLUSIVE: Romania Searches Strategic Investor In Tarom Airline

10:03, 11 Feb. 2011
Romania will seek a strategic investor for state-run airline Tarom by end-2011, with a view toward full privatization when market conditions permit it, according to the country’s draft letter of intent agreed with the International Monetary Fund.

Romanian Econ Min Seeks To Privatize Or Close Research-Development Institutes

12:59, 16 Ian. 2011
Romania’s Economy Ministry is planning to sell or shut down several research and development institutes and will consult with local and international bodies on the matter, according to an official document obtained by MEDIAFAX.

Romania Govt Receives Interest In Oltchim – State Secretary

13:40, 25 Oct. 2010
Two investment funds, including a U.S.-based one, are interested in buying stakes of Romania chemical company Oltchim Ramnicu-Valcea (OLT.RO), should it be privatized, Monday said Karoly Borbely, state secretary within the local Economy Ministry.

Romania, IMF Discuss Oltchim Privatization

12:10, 21 Oct. 2010
Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim (OLT.RO) and Cuprumin, as well as stake sales in other state-owned energy companies, the Economy Ministry said in a statement.

Romania Promises To Revive Privatization Program

00:37, 11 Mai 2010
Romania has pledged to "aggresively" resurrect the privatization program, especially in the industry, energy, transport, tourism or agriculture, as part of its efforts to raise budget revenue to meet the International Monetary Fund requirements.

Ford Wants Automobile Craiova Deal Revised

13:48, 05 Mai 2010
Ford Motor Co. requested Romanian authorities to revise a series of terms included in the privatization deal of the auto assembly plant Automobile Craiova the American company bought in 2007.

Romanian Tourism Min Pleads For Complete Privatization Of Tourism, Better Services

20:51, 26 Mart. 2010
Romanian Regional Development and Tourism Minister Elena Udrea said Friday that hotels on the Romanian coastline apply prices similar to those in Greece, but the quality of services is not at the same level, while Bulgaria offer smaller prices.

Romanian Privatization Auth Extends Again Avioane Craiova’s Offer Deadline

17:45, 30 Iun. 2009
Romania’s privatization authority AVAS decided Tuesday to extend again, with 30 more days, the validity of the offer for the sale of state-owned airplane maker Avioane Craiova (AVIO.RO), after the Government received a proposal to extend AVAS’s mandate expiring today.

Privatizations, Public Acquisitions Should Be Sealed On Bourse – Romanian SMEs Min

13:04, 19 Mai 2009
Privatizations and public acquisitions in Romania should be made through the Bucharest Stock Exchange to eliminate any suspicion as to the correctness of the operations, Constantin Nita, the Minister for Small- and Medium-Sized Enterprises, Commerce and Business Environment, said Tuesday.

Romanian Privatization Money Could Support Agriculture Projects

14:42, 05 Apr. 2009
Romanian agriculture ministry projects, using foreign non-reimbursable funds, will be temporarily financed through privatizations revenues, if the budget allocations of the institution, whose spending is about to be drastically reduced in the budget correction, are insufficient.

Romanian Govt Estimates EUR2.3M Income From Privatizations In Tourism This Year

15:42, 26 Mart. 2009
The Romanian Government estimates it will earn EUR2.3 million this year by privatizing companies under the management of the Tourism Ministry, while spending RON250,000 (EUR1=RON4.2723) on the fees of privatization agents or law firms.

Romania Econ Min To Focus On Selling State-Owned Pwr Cos On Stock Exch

13:01, 23 Ian. 2009
Romania will focus on selling the state-owned power companies on the Bucharest Stock Exchange, instead of selling them to strategic investors, but a listing in 2009 is rather unlikely, Economy Minister state secretary Tudor Serban said Friday.

Romanian Avioane Craiova Privatization Process To Continue – Econ Min

19:39, 15 Ian. 2009
The privatization process of Romania’s airplane maker Avioane Craiova (AVIO.RO) will continue, after it was transferred from Romanian Privatization authority AVAS to the Ministry of Economy, which became its majority shareholder, the ministry’s press office announced Thursday.

Romanian Court Closes Consultancy Fee File On RomTelecom’s Privatization

14:34, 09 Dec. 2008
Romania’s Supreme Court on Tuesday ruled against reopening the file on the privatization of telecom operator RomTelecom, in which several dignitaries were investigated in relation to embezzlement and corruption charges.

Romanian Prosecutors Seize RON20M In Fraudulent Privatization Case

19:35, 08 Dec. 2008
Romanian anticorruption prosecutors seized a building and 20 million lei (EUR1 = RON3.8573) from the property of Conservative Party leader Dan Voiculescu, in the case involving the privatization of the Food Research Institute.

Romania’s Govt Puts Oltchim Sale In Stand-By

20:10, 19 Nov. 2008
The privatization of Romanian chemical plant Oltchim (OLT.RO) is currently in stand-by, and the sale will be resumed when the market ensures favorable conditions to keep the plant’s employees, in the meantime the company being supported by state aids approved by the European Commission.

EXCLUSIVE: Romanian Anticorruption Prosecutors Probe High Official In Graft Case

15:12, 18 Oct. 2008
Romanian anticorruption prosecutors launched a probe against media mogul and politician Dan Voiculescu for alleged influence peddling in the file concerning the privatization of the Food Research Institute (ICA).

Romanian CFR Marfa To Be Privatized In 2009 – Transp Min

13:20, 07 Oct. 2008
Romanian Transports Minister Ludovic Orban said Tuesday that he plans to sell next year the state-owned rail freight company CFR Marfa and the ministry is waiting a confirmation of the privatization strategy from the European Commission, or CE, for more than three months.

Romanian Avioane Craiova Sale To Restart By Oct 20 – AVAS

15:02, 30 Sept. 2008
Plane maker Avioane Craiova’s privatization, broken off by Romanian Privatization Authority AVAS on Monday, will be restarted no later than October 20, through the announcement of a new sale offer for the 80.97% stake, AVAS announced Tuesday.

Romanian PM Wishes In-House Privatization For Chemical Plant Oltchim

16:41, 20 Mai 2008
Romanian prime minister Calin Tariceanu said he would like chemical plant Oltchim to be privatized with Romanian capital, “if possible,” and not sold to foreign investors.

Three Cos Bid For Romania’s Avioane Craiova

16:13, 20 Mai 2008
Romania’s INAV Bucuresti, Italy’s Alenia Aeronautica and Czech AERO Vodochody filed bids for the privatization of airplane maker Avioane Craiova until the established deadline, the country’s privatization authority AVAS said Tuesday.

Romanian PM Wants IAR Ghimbav’s Lands Removed From Assets List

18:51, 17 Mai 2008
Romanian Premier Calin Popescu Tariceanu on Saturday said the lands of helicopter producer IAR Ghimbav artificially increase the company’s sale price and they should be removed from the assets list.

European Commission OKs Romanian Tractor Mkr Sale

15:06, 03 Apr. 2008
The European Commission approved the sale of the Romanian industrial platform Tractorul Brasov, feeling that privatization authority AVAS obtained the highest price possible for the assets, did not discourage interested investors and acted as an economic agent, in market economy conditions.

Syrian Businessman Hayssam Was Favored By AVAS – Court Of Accounts

18:56, 25 Mart. 2008
Romanian privatization authority AVAS applied preferential treatment to the company held by Syrian businessman Omar Hayssam when electronic parts maker Baneasa Voluntari was privatized, according to the Romanian Court of Accounts.

Romanian Govt Oks Electrica Muntenia Sud Sale To Italy’s Enel

15:47, 19 Mart. 2008
The Romanian Government has approved the privatization of Romanian regional power distributor Electrica Muntenia Sud to Italy's utility Enel SpA (EN), Prime Minister Calin Popescu Tariceanu said Wednesday.

Romanian President OKs Automobile Craiova Privatization

17:47, 16 Mart. 2008
Romania’s President Traian Basescu on Sunday signed a decree promoting the privatization law of state-owned assembly plant Automobile Craiova SA, the presidency said in a statement.

Romanian Privatization Authority To Reclaim Majority Stake In Two Companies

14:55, 09 Mart. 2008
Romanian privatization authority AVAS will reclaim the majority stake within the companies Alimentatie Publica, in northeastern Romania’s Botosani and Textila Unirea in Bucharest, which were privatized before 2000, since the investors failed to pay the total acquisition price.

Romania’s Antibiotice Iasi Privatization To Be Resumed In Jul, Aug

18:30, 28 Feb. 2008
The privatization of Romanian drug maker Antibiotice Iasi will be resumed in July or August, most likely through public outcry bid, after the Government asked privatization authority AVAS to recall the sale offer, government sources told MEDIAFAX.

Romanian Govt Annuls Privatization Method Of Antibiotice

19:08, 27 Feb. 2008
The Romanian Government has annulled on Wednesday the decision to privatize the country’s last remaining state-owned drug maker Antibiotice SA through open bid, the government said in a statement.

EC Might Demand Changes In The Automobile Craiova Privatization Contract

14:20, 03 Feb. 2008
The European Commission might raise a series of objections regarding the privatization of Romanian car factory Automobile Craiova with American group Ford, according to the president of Romanian privatization authority AVAS, Teodor Atanasiu.

Romanian Privatization Auth Restructuring To Leave 100 Jobless

21:44, 25 Ian. 2008
Romanian privatization authority AVAS will fire 100 employees in 2008, through collective layoffs, thus reducing the maximum number of positions in the structure of the institution to 510 employees, from the 610 positions set late 2006.

Romania Eyes At Least EUR1B For Freight Railway Co CFR Marfa

12:36, 12 Dec. 2007
Romania’s Ministry of Transports wants to get at least EUR1 billion from the privatization of state-owned freight railway company CFR Marfa, and the sale strategy would be completed in three months, transports minister Ludovic Orban said Wednesday.

Romanian Econ Fin Min Says 2008 To See Energy Sector Privatizations

14:45, 20 Nov. 2007
Romania’s economy and finance minister Varujan Vosganian said Tuesday he met with Teodor Atanasiu, head of the privatization agency AVAS, to discuss the implementation of the country’s energy strategy and added 2008 will be a privatization year for the energy sector.

Saudi Al Arrab Pays EUR2.34M For Majority Stake In Romania’s Electroputere

15:52, 14 Nov. 2007
Romania’s privatization authority AVAS on Monday confirmed that Saudi Arabian Al Arrab Contracting Co. Ltd paid EUR2.34 million for the 62.82% majority stake in state-owned electrical equipment-producer Electroputere Craiova.