07.31.2012

Grigore Craciunescu resigned from the managing board of Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO), citing personal reasons. more

07.30.2012

Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO) appointed Rodin Traicu, secretary of state with Ministry of Economy, Commerce and Business Environment, as chairman and acting member of more

07.20.2012

Romania’s government has approved a state guarantee for a EUR40 million loan for chemical producer Oltchim Ramnicu Valcea (OLT.RO), Economy Minister Daniel Chitoiu said Friday. more

07.04.2012

Unionists at Romanian chemical producer Oltchim (OLT.RO) said they will resume protests Thursday, blaming the company's majority stockholder, the Economy Ministry, for postponing several issues such more

07.04.2012

Romania’s Economy Ministry Wednesday appointed Toma Bogdan Costreie as special administrator of chemical producer Oltchim (OLT.RO), the company said in a statement. more

06.27.2012

Romania's Government has decided to place chemical producer Oltchim (OLT.RO) under administration, in order to make the company solvent and get it ready for privatization later in the year. more

06.22.2012

The Managing Board of Romanian state-owned chemical producer Oltchim (OLT.RO) on Thursday appointed Mihai-Radu Saptefrati şi Nicolae Rotileanu as interim directors, replacing Karoly Borbely and more

06.20.2012

Karoly Borbely, a former secretary of state with the Economy Ministry, resigned from the Board of Romanian state-owned chemical producer Oltchim (OLT.RO), which he chaired, citing personal reasons, more

06.07.2012

Adrian-Catalin Bulboaca, managing partner of law firm Bulboaca & Asociatii, resigned Wednesday from its position of interim member of the Board of Romanian chemical producer Oltchim Ramnicu-Valcea more

05.06.2012

Romania will appoint private managers to run state-owned companies by October and the first companies targeted are hydropower generator Hidroelectrica and natural gas transporter Transgaz (TGN.RO), more

05.05.2012

Romania will privatize chemical producer Oltchim Ramnicu Valcea (OLT.RO) in September and resume the sale of copper producer Cupru Min, the country’s minister-designate for economy, Daniel Chitoiu, more

05.04.2012

Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed, the more

05.03.2012

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss widened substantially in the first quarter, as sales nearly halved on the year. more

04.30.2012

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses. more

04.17.2012

Russian energy producer TISE, Germany’s PCC SE, Pegamont Ploiesti and Aisa Invest Cluj have submitted non-binding offers for the privatization of Romanian state-run chemical producer Oltchim SA more

04.10.2012

German PCC SE, a large shareholder in Romanian chemical company Oltchim (OLT.RO), has requested an updated assessment of the company’s public debt to the state privatization authority AVAS, the more

03.27.2012

The auction for the privatization of Romanian chemical company Oltchim (OLT.RO) will take place on May 31, Florin Vladan, head of privatization authority OPSPI, told a news conference Tuesday. more

03.15.2012

Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization announcement more

03.09.2012

The shares of Oltchim (OLT.RO) were up 4.9% in late trade Friday in Bucharest, after being suspended for six hours pending an announcement regarding the clearance of a state aid for the troubled more

03.08.2012

The European Commission has authorized Romania’s planned debt-to-equity conversion of public debt amounting to around EUR135 million for chemical producer Oltchim SA (OLT.RO), state officials said more

03.07.2012

Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) has appointed Karoly Borbely as the new chairman of the board, the company said in a statement Wednesday. more

03.02.2012

Romanian chemical company Oltchim (OLT.RO) Thursday said it has extended a furlough for more than 700 employees for another month until end-March, because of raw material and liquidity shortage. more

02.15.2012

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss widened 20.9% on the year to 270 million lei (EUR63.7 million) in 2011, despite higher sales. more

02.09.2012

Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) Thursday said Constantin Dascalu resigned his position of chairman of the board, citing personal reasons. more

02.01.2012

Romanian chemical company Oltchim (OLT.RO) will keep 840 on furlough throughout February as well, continuing a measure taken over the past six months for lack of raw materials and working capital. more