03.03.2013

Romania has received several offers for the privatization of state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO) from companies active in the field, as well as from Romanian firms and raw more

02.28.2013

Romania’s Economy Minister Varujan Vosganian on Thursday said state aid should be granted to chemical plant Oltchim Ramnicu-Valcea (OLT.RO) by the middle of the year, or it will no longer be useful. more

02.28.2013

Romania’s Economy Ministry will appoint special administrators and a new general manager at insolvent state-owned chemical plant Oltchim by March 15, Economy Minister Varujan Vosganian said more

02.22.2013

OMV Petrom (SNP.RO) may have posted its highest net profit ever and may be focusing on oil, gas and power production but the one of its refineries among the largest in the country, Arpechim, is close more

02.19.2013

Romania’s state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will not be able to keep all its employees after restructuring and staff cuts will also be operated within railway freight more

02.14.2013

Romanian Economy Minister Varujan Vosganian requested EU Commissioner for Competition Joaquin Almunia to approve a EUR45 million state aid to Romanian chemical plant Oltchim (OLT.RO). more

02.07.2013

Romanian state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), which has recently entered insolvency, will appoint a new general manager next month to replace Mihai Balan, the Economy Ministry more

01.30.2013

The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO). more

01.28.2013

The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the company, more

01.24.2013

A firm owned by lawyer Gheorghe Piperea and BDO Business Restructuring, part of international group BDO, have been appointed interim legal administrators of Romanian state-run chemical plant Oltchim more

01.24.2013

The Managing Board of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Thursday voted for the company to file for insolvency to undergo reorganization, supporting a proposition more

01.23.2013

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will enter insolvency and a request to this end is to be sent to the Valcea Court, Economy Minister Varujan Vosganian told Mediafax more

01.17.2013

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) had debts of over 2.68 billion lei (EUR0.61 billion) at the end of 2012, according to a document presented by the Government more

01.08.2013

Germany's PCC SE increased its stake in Romanian chemical company Oltchim (OLT.RO) by 14.02% after taking over Cyprus-registered firm Polyolt Holding Limited, owned by investment fund Carlson more

12.05.2012

A delegation of Russian energy producer TISE will arrive to Bucharest in a few days for talks on a “strategic collaboration” in the chemical and oil sectors, deputy economy minister Rodin Traicu more

12.03.2012

Romanian Prime Minister Victor Ponta on Monday said the employees of state-owned chemical company Oltchim will receive their back wages for November this week. more

11.13.2012

Around 400 employees of Romanian chemical company Oltchim (OLT.RO) staged their second consecutive day of protests Tuesday, asking to be paid their back wages for September and October. more

11.12.2012

The employees of Oltchim Ramnicu Valcea will receive half of their back wages for September until November 15, while the other half will be paid by November 27, according to the plant’s management. more

11.09.2012

A delegation of Russian power producer TISE will come to Bucharest most likely next Friday for talks with Romanian Economy Ministry representatives on collaboration in the industry sector, state more

11.02.2012

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) currently operates at 25% to 30% capacity, and with 800 employees of a total of 2,600, Economy Minister Daniel Chitoiu said Friday. more

10.30.2012

The Romanian Government decided Tuesday to provide an emergency aid for the employees of chemical plant Oltchim Ramnicu Valcea (OLT.RO), in one tranche in December, as it didn’t have “enough more

10.30.2012

Production at Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) was restarted with money paid in advance by the company’s clients, Rodin Traicu, secretary of state with the more

10.30.2012

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Monday said its net loss widened 72% on the year to 308.5 million lei (EUR69.6 million) in the first nine months, hurt by more

10.17.2012

Romania’s Government is considering granting an emergency aid of EUR20 million to chemical plant Oltchim Ramnicu-Valcea (OLT.RO), an official of the Economy Ministry said Wednesday. more

10.16.2012

UK-headquartered investment fund Carlson Ventures has transferred its 14.02% stake in Romanian state-run chemical company Oltchim SA (OLT.RO) to Cyprus-based Polyolt Holding Limited, the chemical more