privatisation
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Businesspeople request outsourcing, privatisation and centralised auctions from Government
Business people say that cutting salaries and pensions is not enough and feel the state should be even less involved in the economy, outsource as many control and money collection services as possible, and sell its minority interests especially in companies li...
Petrom's second privatisation in the making
After in 2004 the Romanian state relinquished the majority stake in Petrom, Romania's largest company, to Austrian-held OMV, a deal that brought it 669 million euros plus a capital increase...
AVAS extends privatisation offers deadline for IAR Ghimbav
The State Assets Resolution Authority (AVAS) has extended by a month the deadline through which offers can be submitted for the privatisation of aircraft builder IAR Ghimbav, until July 23,...
Privatisation of Antibiotice Iasi put on hold indefinitely
The largest privatisation in the pharmaceutical industry, the sale of 53 percent in Antibiotice Iasi, held by AVAS, has been put on stand-by by the Assets Resolution Authority again. The int...
State could receive 2bn euros from CFR Marfa's privatisation
State-held company CFR Marfa (a freight operator), which is expected to complete its privatisation strategy in around three months, is worth somewhere between one and three billion euros, ac...
Privatisation cuts 3,000 Distrigaz jobs
The leading gas distributor on the Romanian market, Distrigaz Sud, with business worth over one billion euros last year, has cut its staff by around 3,000 people compared with 2005, when it...
Dacia starts hiring after 11,000 layoffs since privatisation
Automobile Dacia, the Romanian carmaker with turnover forecast above 2bn euros this year, will recruit 600 individuals by the end of next year, with the majority of the new employees to be i...
Servtrans considers entering consortium in view of CFR Marfa privatisation
Servtrans, one of the leading private players on the rail freight market, could take part in the privatisation of CFR Marfa (the national rail freight operator) in an international consortiu...
AVAS: Petrom's privatisation conducted in compliance with the contract
OMV was one of the buyers that did not create any trouble for the State Assets Resolution Authority (AVAS) in the post-privatisation monitoring process, as the institution closely followed t...