03.27.2012

Canadian Roman Copper, which was founded especially for the purchase of Romanian copper mining firm Cupru Min, has no investment obligation after the purchase, according to Florin Vladan, head of 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

03.22.2012

The Romanian government estimates it will raise 3.44 billion lei (roughly EUR800 million) from selling shares in several state-run companies administrated by the industry privatization office OPSPI, more

03.16.2012

Five groups and consortia bid on a contract to broker the privatization of Romanian state-owned railway freight carrier CFR Marfa, which must be concluded by the end of October. more

03.13.2012

The number of cars Ford will produce at its plant in Romania will be "significantly" lower than as stated in the privatization contract, and the carmaker will postpone certain investments and waive more

03.01.2012

Gabriela Anghelache, president of the National Securities Commission (CNVM), the supervisory and regulatory authority of the capital market, says the stock exchange sale of minority stakes in energy more

02.28.2012

The main problem faced by Romania’s energy segment is the old equipment, and the easiest way to solve this issue is to sell to private companies, according to Louis Borgo, senior banker within the more

02.24.2012

The Government has reiterated its commitment to list state-run companies, sitting at the same table with Wall Street bankers. more

02.17.2012

Romanian state railway company CFR Marfa badly needs a debt compensation scheme, since it became viable last year and would have turned a profit were it not for its historic arrears, said Transport more

02.06.2012

The Romanian Transport Ministry has published an auction announcement to select a broker to manage the privatization of freight railway operator CFR Marfa. more

02.02.2012

The Romanian Government has been promising the International Monetary Fund (IMF) for two years that it will sell on the stock exchange minority stakes in the main state-run companies in the energy more

01.31.2012

Romanian state-run power company Electrica SA will sell stakes of 15% in each of its distribution units on the Bucharest bourse and will hire legal advisers by mid-February, according to a draft more

01.31.2012

Romanian IT&C Ministry has cancelled an auction to select an adviser to help with the sale of a minority stake in postal company Posta Romana, citing faulty proceedings. more

01.26.2012

Fondul Proprietatea (FP.RO) has in the past year moved from Romanian state control in the hands of a group of private U.S. shareholders, marking the end of the biggest privatization in disguise in the more

01.13.2012

The Government is bound by law to list stakes of at least 5% in 19 companies controlled by the state by the end of the year, which are included in the portfolio of Fondul Proprietatea (FP.RO). But more

01.03.2012

2012 should come with a wave of asset sales in the energy sector, considering that all reorganization plans have failed. Electrica Serv, Electrica Furnizare, energy companies Oltenia and Hunedoara, more

12.23.2011

Romania's IT&C Ministry has selected audit and advisory firm KPMG Romania for the evaluation of the state-run postal company Posta Romana in view of privatization, the ministry said Friday. more

12.16.2011

Romania's IT&C Ministry will launch a public tender December 22 to hire a professional assessment company for the evaluation of the state-run postal company Posta Romana in view of privatization, the more

12.16.2011

Romanian authorities extended by three months, until April 2012, the deadline by which companies can file bids to buy mining company Cupru Min, Economy Ministry official Claudiu Stafie said Friday. more

12.15.2011

The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions. more

12.12.2011

The Economy Ministry on Monday announced that it has selected PricewaterhouseCoopers as advisers for the preparation and unfolding of privation at chemical plant Oltchim (OLT.RO). more

12.08.2011

Romanian government has decided power company Electrica SA is to transfer its supply business to its unit Electrica Furnizare and to privatize the latter by end-October 2012, according to the more

12.08.2011

Romanian government has pledged to find a strategic investor to buy at least 20% in postal company Posta Romana during a capital increase operation in 2012 and to start collective layoffs under a more

11.28.2011

PricewaterhouseCoopers Management Consultants, KPMG Romania and investment bank Taylor-DeJongh have filed bids to advise on the sale of Romanian state-run chemical company Oltchim (OLT.RO), the more

11.15.2011

The 67-page report accompanying the 2012 state budget draft does not include even a single mention of the privatization of state-owned companies and of the sale of shares via the Bucharest Stock more