|The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport minister Relu Fenechiu was quoted as saying by Agerpres. Under the stand-by arrangement with the IMF, Romania is supposed to start the privatisation procedures in March, sign the privatisation contract by mid-May and complete the privatisation process when the buyers meet the requirements. The government endorsed the privatisation strategy on February 13. Under the strategy, the state wants to sell 51% in CFR Marfa to a strategic investor, or to a consortium that includes a strategic investor. The government has already appointed a new management at CFR Marfa, as stipulated in the IMF deal.
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more