08.08.2012

Romania's Transport Ministry has pledged to privatize railway freight carrier CFR Marfa by December 2012, says a statement released Wednesday, after minister Ovidiu Silaghi's meeting with the IMF, more

08.08.2012

Romania's Finance Ministry says in a document that the Transport Ministry will not carry out any privatizations this year, although the stand-by agreement with the IMF, European Commission and World more

08.06.2012

Romania’s Economy Ministry plans to sell stakes of 39% in each of the three distribution units belonging to state-run power company Electrica, according to a draft government decision. more

07.25.2012

Romania's Government has approved the plan to sell a stake of at least 20% in national postal operator Posta Romana to a strategic investor, through a capital raise, by September 30, as per a promise more

07.17.2012

Czech energy group CEZ is interested in participating in the privatization process of the remaining distribution units of Romanian state-run power company Electrica, the head of CEZ Romania said 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

06.08.2012

The Romanian government has pledged to continue a key privatization program in the energy sector agreed with the International Monetary Fund by selling majority stakes in four new power companies in more

05.09.2012

Romania should continue the privatization and the listing of state-owned companies despite the change in government, to avoid losing foreign investors' trust, say capital market specialists. more

05.07.2012

Romania’s new Cabinet, which will seek a confidence vote in Parliament Monday, will resume the sale of copper producer Cupru Min four months after the company gets an environmental permit, economy 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

04.20.2012

Romania’s Communications Ministry has cancelled an auction to select a legal adviser for the privatization of state-owned postal company Posta Romana, citing faulty proceedings. more

04.19.2012

The winner of the Cupru Min privatization auction, Roman Copper Corp, has hired one of Romania’s top law firms, NNDKP, run by Ion Nestor, in a desperate attempt to resume talks about the takeover of more

04.18.2012

The consortium Deloitte – Musat & Asociatii – Systra, which will advise the Romanian government on the privatization of rail freight company CFR Marfa, will receive EUR375,000 this year plus a 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

04.12.2012

The privatization of Romania's postal company will be completed at the end of this year or in the first months of 2013, not in June 2012, as initially agreed with the IMF, which is an unrealistic more

04.10.2012

Romanian Transport Ministry has selected a consortium comprising US consultancy firm Deloitte, Musat&Asociatii and France’s Systra to advise on the sale of state-run freight rail company CFR Marfa, more

04.10.2012

The energy market in Romania will include two new companies this fall, Complexul Energetic Oltenia and Complexul Energetic Hunedoara. The two are what is left of the reorganization plans that the more

04.09.2012

The most important privatization of the past few years, that of copper producer Cupru Min, which exploits 60% of Romania’s national copper reserves, has failed, leaving only unanswered questions more

04.07.2012

The conditions imposed by Romania’s Government in the draft contract to sell copper producer Cupru Min stated the prospective buyer will carry out additional water and road infrastructure more

04.07.2012

The privatization of Romanian copper producer Cupru Min has failed as Canada-based Roman Copper Corp. refused to submit an environment investment guarantee, pay within 30 days EUR200.7 million for more

04.06.2012

Romania and the International Monetary Fund will hold a new round of talks regarding the state companies proposed for privatization or listing on the Bucharest Stock Exchange, Economy Minister Lucian more

04.05.2012

Romania risks privatizing companies for nothing if the money goes to wage and pension payments. The government has to come up with real projects for spending the almost EUR240 million to be collected more

03.28.2012

Canadian Bayfront Capital Partners, sole shareholder of Roman Copper, will call on investors from Canada, Europe and the US to pay for the purchase of Romanian copper mining firm Cupru Min, along with more

03.28.2012

For the past couple of days the Romanian business world has been asking who is behind a small Canadian company, with $4 million in turnover, which says it will pay EUR200 million for Cupru Min. more