12.12.2012

Romania’s privatization authority AVAS said Wednesday the privatization of carmaker Automobile Craiova has been completed and the state received extra 170 million lei (EUR37.5 million). more

11.09.2012

Romania will invest revenues obtained from privatizations in strategic state-owned companies in the energy and transport sectors, Finance Minister Florin Georgescu said Friday. more

11.08.2012

Romania’s government expects to raise over 2 billion lei (EUR448.2 million) from the sale on the stock exchange of minority stakes in oil company OMV Petrom (SNP.RO) and natural gas producer Romgaz, more

10.25.2012

The Government must decide which companies it keeps and privatize or liquidate the remaining ones because the Romanian sector of state-run enterprises is still oversized even when considered against more

10.08.2012

Romania’s Prime Minister Victor Ponta on Monday met with Russia’s ambassador to Bucharest for talks on the privatization of chemical plant Oltchim Ramnicu Valcea (OLT.RO). more

10.08.2012

The Romanian state expected to raise around EUR1 billion from privatizations in 2012, but got only EUR37 million from the stock exchange sale of 15% in state-owned power grid operator Transelectrica more

10.03.2012

The privatization process of railway freight carrier CFR Marfa was suspended and could not be completed by yearend because the company’s sale strategy has not been approved by the Supreme Defense more

10.03.2012

Romanian chemical company Oltchim (OLT.RO) will send all its public procurement contracts whose initial value exceeds EUR500,000 to the Economy Ministry’s privatization office OPSPI. more

10.03.2012

A hasty privatization is more likely to have negative consequences and the state should look for a long-term investor that would bring technology and create jobs, rather than having the price as its more

09.24.2012

Romanian politician and television host Dan Diaconescu Monday refused to sign the contract for the purchase of a 54.86% stake in state-run chemical company Oltchim SA (OLT.RO), saying the deal he was more

09.24.2012

“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 more

09.23.2012

The Association of Railway Transporters in Romania (ATFER) said in a press statement Sunday that the planned privatization of state-owned railway freight carrier CFR Marfa will bring huge damages both more

09.21.2012

Romanian politician and television host Dan Diaconescu has won a sealed-bid auction for a 54.86% stake in state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), the Economy Ministry said Friday. more

09.21.2012

The consortium made of KPMG Romania and law firm Tuca Zbarcea&Asociatii won the bid for providing consultancy services in the sale of national postal operator Posta Romana, sources in Communications more

09.21.2012

Romanian controversial politician and television host Dan Diaconescu Friday offered 203.14 million lei (EUR45 million) for the state’s 54.86% in chemical company Oltchim Ramnicu-Valcea (OLT.RO). more

09.20.2012

Romania has received four offers for the privatization of state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), the Economy Ministry’s privatization office OPSPI said Thursday. more

09.17.2012

Romania has delayed until September 20 the deadline by which investors may file bids for the privatization of state-owned chemical company Oltchim Ramnicu-Valcea, an official of the Economy Ministry more

09.14.2012

Romania’s Economy Ministry expects to receive at least three offers for the privatization of state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) at a sealed-bid auction due next week, the more

09.13.2012

While Poland, the Czech Republic and Hungary are cited as examples for the way the state has developed its companies through stock exchange listing, Romania has not managed in the past 17 years to more

09.12.2012

Romania’s Transport Ministry will auction off its entire stake in railway freight carrier CFR Marfa, as well as the stake resulted from the conversion into shares of the railway operator’s debts more

09.12.2012

The upcoming privatization of Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) has drawn interest from 13 companies so far, most of them foreign, the Economy Ministry said more

08.27.2012

Romania’s government has delayed until September 18 a sealed-bid auction for the privatization of state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), the state’s privatization office OPSPI more

08.24.2012

Romanian state-run power company Electrica SA will select advisors for the privatization of its units Electrica Furnizare and Electrica Serv on September 25 and October 1, respectively, the company more

08.23.2012

Romania's Government has changed the privatization strategy for chemical producer Oltchim to a combined sale of the state's stake of 54.6% and the receivables held by privatization authority AVAS and more

08.10.2012

The Romanian government has modified the privatization chart for state-run chemical company Oltchim SA (OLT.RO) and announced that will start the proceedings with a sealed-bid auction instead of a more