08.04.2011

There are private-sector managers that would be willing to start even tomorrow as chief executives of large state-controlled companies, if they were paid the same salary as in a multinational and more

08.02.2011

Romanian President Traian Basescu said Tuesday on public radio he does not rule out the possibility of several state-owned companies to go bankrupt, adding the Government does not have to always step more

08.01.2011

Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday. more

07.31.2011

Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that Romania has met all of its objectives in the loan agreement, except more

07.27.2011

The publishing by Fondul Proprietatea of state-controlled companies’ reports reveals a rise in salary costs and in the number of employees. The ten largest state-owned companies in the energy sector more

07.21.2011

Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime more

07.07.2011

Foreign investors, mostly corporate entities, owned leu-denominated state paper worth nearly 9.2 billion lei (EUR2.2 billion), accounting for around 15% of the market volume. more

07.01.2011

Piraeus Bank Romania wants to become market maker for all state bonds on the Bucharest bourse by the end of the year, Friday said Antonio Flus, the bank’s head of capital markets. more

06.23.2011

Romania’s Finance Ministry Thursday sold a lower-than-planned 293.8 million lei (EUR69.5 million) in 10-year treasury bonds, while the average yield was at 7.47% on the year, slightly higher than at more

06.09.2011

State-owned companies behave themselves when it comes to paying back bank loans, with overdue loans accounting for merely 0.1% of the total. This, however, is because the banks impose strict more

05.31.2011

Replacing managers in the large state-held companies with experienced private sector executives could keep the state from losing money, both Government representatives and officials from the IMF and more

05.24.2011

The World Bank has suggested that Romania use headhunters when recruiting for management positions in state-owned companies, Tuesday said Alexandru Sandulescu, director with the Economy Ministry more

05.15.2011

The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrears. more

05.10.2011

Romania’s Finance Ministry talks with pension funds and insurance companies about launching 15-year state paper this year if enough critical mass is achieved, state secretary Bogdan Dragoi said more

05.10.2011

Romania’s largest 30 to 40 state-owned companies will have private management, and the government will employ an internationally acknowledged head hunting firm for executive selection, according to more

05.09.2011

President Traian Basescu at the end of last week identified the big "boyars-barons" of the Romanian economy as being the managers of the biggest local energy companies. These state-held companies are more

05.02.2011

Romania has enough funds to repay some EUR2.5 billion foreign currency payments due in July and it doesn’t rely on the Wednesday auction to cover the amount, Finance Ministry state secretary told more