10.10.2012

Romania’s Government on Wednesday decided through an emergency ordinance to set up a wholesale brokerage firm to sell on foreign markets the products made by state-owned companies that register more

09.26.2012

The Romanian Government will give a EUR40 million state aid to chemical plant Oltchim Ramnicu-Valcea (OLT.RO) for the payment of wages and production restart, if the winning bidder Dan Diaconescu 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

09.11.2012

The Transport Ministry received 3,500 CVs, organized 300 interviews, and ultimately came up with 180 candidates on the shortlists of private managers for 29 jobs in five state-run companies under its more

08.31.2012

Romania’s Finance Ministry plans to sell state paper worth 3.3 billion lei (EUR million) in September, up from RON1.4 billion sold a month earlier. more

08.22.2012

Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by the more

08.10.2012

The biggest campaign to recruit CEOs for state-owned companies subordinated to the Transport Ministry, which started a few days ago, risks to lose its credibility, after on Thursday representatives of more

08.03.2012

The Government will start talks this autumn over a state aid scheme for small and medium-sized enterprises in the IT sector, after this week it approved EUR100 million in aid for the large companies more

07.31.2012

Romania's Government will cover 40%-50% of the salary expenses of companies that create at least 200 high-skilled jobs, for two years, under a state aid scheme approved Tuesday. more

07.30.2012

Romania’s Finance Ministry named Enache Jiru as secretary of state and head of the State Treasury head to replace Cristian Sporis, sources with the ministry told MEDIAFAX Monday. more

07.25.2012

Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ results more

07.23.2012

Each company that creates at least 300 new jobs and keeps them for at least five years may receive state aid worth over EUR28 million, according to a draft government decision published on the Finance 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

07.17.2012

The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion. more

07.08.2012

Romanian public institutions and state-owned companies spent over 150 million lei (EUR33 million) on legal services between 2009 and May 31, 2012, during the democrat liberal administration, a report more

06.22.2012

Romania’s government extends by one year, until December 31, 2013, a deadline to list minority stakes in several state-owned companies on the Bucharest Stock Exchange and on international markets, more

06.18.2012

Romania’s Finance Ministry on Monday rejected all bids at an one-year treasury-bills auction, citing unacceptable yields. more

06.13.2012

The consortium made up of executive search company Pedersen&Partners, law firm NNDKP and strategic management advisory Roland Berger, which was appointed in September last year to help the Economy more

06.05.2012

Romania’s public ambulance service might be financed from the state budget, through the Health Ministry, instead with funds from the National Health Insurance House (CNAS), Health Minister Vasile more

05.31.2012

German group Bosch will receive state aid for its planned investments in western Romania, which does not entail tax exemptions, Bosch representative Brigitte Eble told a news conference Thursday. more

05.25.2012

The U.S. Department of State says, in its 2011 report on human rights practices, that Romania continues to have problems with corrupt public officials, a sometimes partial judicial system, abuse from more

05.22.2012

Romania's Government plans to reduce the subsidies provided to farmers with debts to the Agency of State Domains (ADS), rather than wait to recoup the 100 million lei (EUR22.5 million) liability in more

05.21.2012

Two weeks after the new Government took office, one quarter of the jobs of state secretaries with in the ministries are still not filled. The sharing out of jobs from state secretaries downwards, a more

05.17.2012

Ovidiu Artopolescu, former general manager of Microsoft Romania, has been appointed secretary of state with the Romanian Communications Ministry. more

05.09.2012

The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the more