Tuesday, December 11, 2007

Romania appoints new communication minister

BUCHAREST, Dec 10 (Reuters) - Romania on Monday appointed a new communication minister, whose main task will be to complete the sale of the state's stake in fixed line operator Romtelecom.

New minister Karoly Borbely, 31, is a member of the ethnic Hungarian party in a ruling minority coalition with the Liberals of Prime Minister Calin Tariceanu. His appointment was announced by the presidency.

The former minister resigned to become a member of the European Parliament.

Romania plans to sell its 46 percent stake in fixed-line operator Romtelecom, which is majority owned by Greece's OTE (OTEr.AT: Quote, Profile, Research). The former minister wanted to complete the sale by the third quarter of next year. (Reporting by Marius Zaharia; Editing by Matthew Tostevin)

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