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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: © Vindobona.org
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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