Expats

Romania Opens Transelectrica Share Sale at 13% Price Discount [Mar 14, 2012] The Balkan nation, which plans to sell minority stakes in six energy companies this year, opens the subscription period today for 15 percent of the grid operator at a minimum price of 14.9 lei ($4.50) per share, 13 percent below the last closing market price, and a maximum price of 19.2 lei, it said yesterday. [via YahooNews] More >>

1,300 jobs to be cut at Romanian energy companies [Jul 27, 2011] Romania's government says it will cut 1,300 jobs at three state-owned energy companies this year as it seeks to fulfill conditions it made to secure loans from the International Monetary Fund and the European Union. [via YahooNews] More >>

Romania must sell of energy sector to end corruption: US [Mar 31, 2011] The US ambassador to Romania Mark Gitenstein on Thursday urged authorities to sell off the country's state-owned energy companies in order to uproot corruption and cronyism. [via YahooNews] More >>

RWE, others, leave Romanian nuclear plant [Jan 20, 2011] BUCHAREST, Romania, Jan. 20 (UPI) -- A decision to pull out of a nuclear power plant project in Romania is no reflection on the quality of the project, European energy companies said Thursday. [via YahooNews] More >>

Romania to Sell Minority Stakes in Key Energy Companies [Apr 21, 2010] April 21 (Bloomberg) -- Romania plans to sell minority stakes in key energy companies, including OMV Petrom SA and utilities Transelectrica SA and Transgaz SA in nine months to fund infrastructure projects. [via YahooNews] More >>