state-owned
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State-owned company Antibiotice triples profits
Pharmaceuticals company Antibiotice Iasi has reported a 200% increase in its net profits for the first quarter. Net profits rose from 0.57 million euros to 1.87 million euros (68.4bn ROL) following the implementation of management by targets and the move to hi...
ABN Amro regains top deals with state-owned firms
ABN Amro regains top deals with state-owned firms
High interest in the last state-owned constructions firm
High interest in the last state-owned constructions firm
Three state-owned enterprises exempt from budget dues
The National Railway Company (CFR) SA, and the companies CFR Calatori SA (railway transport of passengers) and Metrorex SA (subway transportation) will be exempt from paying some of their bu...
Finance Ministry aims to monitor state-owned companies
A 0.5% of GDP drop in the volume of arrears is one of the Finance Ministry's top priorities for next year, prompting the ministry officials to start monitoring the spending and revenues budg...
State-owned companies get clean slates before privatisation
The state budget can forget all about recouping money from 30 companies included in the portfolio of the Privatisation Authority (APAPS). These companies will benefit from total or partial c...
Loss-making state-owned enterprises heading for massive personnel cutbacks
With less than half of the total number of employees in Romania, the private sector accounts for almost 70% of the Gross Domestic Product.The APAPS portfolio is left with some companies that...
Privatisation of state-owned companies - a Sisyphus effort?
Effects of hiring international financial consortia to privatise Romanian companies following programmes financed by the World Bank and the IMF will become apparent at the end of summer, whe...
Small depositors need CEC as a safe, state-owned institution
For the time being, CEC should remain a savings bank under the total guarantee of the state and it should work with the population and less with legal persons, while placements should be mad...