Romania: No Investors for Post Company

Politics ♦ Published: May 29, 2013; 12:36 ♦ (Vindobona)

Debts and a collective agreement which makes restructuring impossible until 2018 are among the main reasons the company is not attractive to potential investors.

Romania: No Investors for Post Company / Picture: © Romanian Post

The privatization measure for state-owned Post company has now offically failed after several postponements. After the chemical plant Oltchim and the public rail freight company, this is now the third unsucessful attempt at privitizing a state-owned company. None of the interested parties has acquired the task book for the taking-over of 51 percent of the Romanian Post after the…

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