State
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State Treasury's new borrowing agenda
The Finance Ministry is planning to attract 5,100bn ROL from commercial banks this month, mostly in short-term (up to one year) loans, by issues of T-bills. The ministry hopes to get 1,500bn...
State to sell 33-34% of Petrom
After having postponed the endorsement of the privatisation strategy, the Romanian Government on Tuesday approved privatising Petrom by the sale of a 33-34% stake in the company, followed by...
Noble Ventures now looking to get $350 million from the Romanian State
U.S. company Noble Ventures has raised the amount requested as damages from the Romanian State in the lawsuit it filed in Washington, after having been ousted from Resita Steel Mill (CSR). T...
Major taxpayers owe $2.15bn to state budget
The total overdue debts to the state budget registered by the major taxpayers amount to 69,400bn ROL (some $2.15bn), state secretary within the Finance Ministry Neculae Plaiasu said. The Fin...
State keeps golden share in Petrom
Industry Ministry, the majority shareholder of SNP Petrom is planning to keep a golden share after the privatisation of the company. "Our (Industry Ministry's i.e.) presence in the company i...
State budget deficit high up in March
The Romanian taxpayer has got tired of paying taxes in March. The Exchequer in its turn did a poor job of collecting its dues, in spite of all those measures meant to improve collection. Thi...
BERD se pregateste sa-si ia adio de la opt state
Banca Europeana de Reconstructie si Dezvoltare (BERD) atinut cea de-a 12-a reuniune anuala la sfarsitul saptamanii trecute in Uzbekistan. Pentru opt din cele 27 de foste state comuniste repr...
Romanian State on a quest for strategic investor at Daewoo Craiova
"We shall have to find another investor for the Craiova Plant." Privatisation minister Ovidiu Musetescu yesterday officially admitted that the financial situation of the Daewoo plant was unc...
Lower revenues for state budget
The state budget in February collected 31% less than in January so that the 1,599bn ROL surplus at the end of that month had actually turned into a 3,874bn ROL deficit by late February. The...