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EC starts investigation on deleting debts of Romania’s chemical producer Oltchim

The European Commission has started an in-depth investigation to check whether Romania’s decision to cancel the debts of state-owned insolvent chemical producer Oltchim has...

Three companies interested in Romania’s insolvent chemical producer Oltchim

Three companies are interested in buying Romania’s insolvent state-owned chemical producer Oltchim, said Economy Minister Florin Tudose. Two of the companies are Chinese and...

Romanian chemical producer Oltchim halves loss

Romanian chemical producer Oltchim (OLT), currently under insolvency, decreased its loss by 46% last year. The loss went from EUR 213 million in 2013...

Reorganization plan of Romania’s chemical producer Oltchim includes sale

The reorganization plan of Romanian chemical producer Oltchim (OLT), now under insolvency, will include the company's sale to an eligible buyer, the company announced,...

No investor for Romania’s chemical producer Oltchim by privatization deadline

None of the four investors that had shown interest in taking over the majority stake in the Romanian chemical producer Oltchim submitted a bid...

EC raises questions about Oltchim’s privatization in Romania

The European Commission EC has asked Romania a series of clarifications regarding the privatization of Romanian chemical producer Oltchim. There are some suspicions that...

Romanian chemical producer Oltchim cuts loss in the first six months

Insolvent Romanian state-owned chemical producer Oltchim narrowed its loss to RON 114.5 million (over EUR 25 million) in the first half of 2014, down...

Chinese investors show interest in Oltchim’s privatization, highway, railway in Romania

Romania’s Minister of Economy, Constantin Nita, met on June 7 with the Chinese Commerce Minister Gao Hucheng. During the meeting, the two officials also...

Economy Minister says Romania’s Oltchim will not be shut down, it will be privatized

Insolvent Romanian state-owned chemical producer Oltchim in Ramnicu Valcea will not be shut down, and if the privatization set for June 6 fails, the...

Romanian chemical producer Oltchim’s turnover up 64% in Q1

Insolvent Romanian state-owned chemical producer Oltchim recorded a turnover of RON 136.2 million (EUR 30.2 million) in the first quarter of 2014, up 64.7...