state companies

Romanian President Says Some State-Owned Companies May Go Bankrupt

14:31, 02 Aug. 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 in and save these companies.

IMF: Romania To Put 15 Companies Under Private Management

17:39, 01 Aug. 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.

EXCLUSIVE: Finance Ministry To Check Financial Indicators Of All State-Owned Cos

09:53, 11 Feb. 2011
Financial control of state-owned companies will be transferred to the Ministry of Finance from the respective ministries where they are subordinated to improve governance in the sector, the Romanian Government said in its letter of intent to the International Monetary Funds.

IMF Requests Sale Or Liquidation Of Monitored Romanian Cos

13:05, 01 Nov. 2010
Romanian state-owned companies monitored by the International Monetary Fund and the European Commission widened losses in the last months, prompting the financial institutions to recommend their privatization or liquidation, Monday said Jeffrey Franks, chief of the IMF delegation to Romania.

Romanian State-Owned Cos’ Salary Funds Unaffected By Wage Cutting Austerity Plan

15:05, 20 Aug. 2010
The budgets of Romanian state-owned companies were revised after authorities decided to cut their costs with goods and services, but their salary funds were not affected.

Econ Crisis Shouldn’t Block State Cos’ Stock Mkt Listing – BVB Head

12:37, 29 Iun. 2010
The current economic crisis should not be an impediment in listing the state-run companies on the stock market, Stere Farmache, head of the Bucharest Stock Exchange, said Tuesday.

Romanian State-Run Cos Have Two Weeks To Submit Revised Budgets, Slashing 20% Of Costs

11:18, 25 Iun. 2010
Managers of Romanian state-run companies have two weeks to send the Government revised budget plans, in which protocol and advertising spending for the second half of the year must be 20% lower, according to an emergency decree the Government adopted.

Romania Won’t Cut Wages In State-Owned Cos By 25% – Fin Min

16:10, 31 Mai 2010
Wages of employees in Romania’s state-owned companies won’t be cut 25% as in the rest of the public sector, Finance Minister Sebastian Vladescu said Monday.

Eight Romanian State Companies To Dismiss 3,545 Employees In 2010

18:01, 15 Feb. 2010
Around 3,545 employees in eight state-run companies subordinated to Romania’s Economy Ministry will be laid off in 2010, with compensatory payments, according to the list approved by the government.

Romanian Govt To Set Salary Fund For State-Owned Cos – Act

11:17, 12 Aug. 2009
The Romanian Government must set the total salary fund for state-owned companies that receive subsidies or other financing from the state budget and the measure must be applied until the end of June 2010, according to the additional letter the government will send to the International Monetary Fund.