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Romania’s Electrica Might Exit Mkt On Lack Of Liquidities – Official

Romanian state-owned power grid Electrica SA has 710 million (EUR1=RON3.6435) debts to recover, out of which almost half from state-owned railway company Caile Ferate Romane, or CFR, and the company might exit the market on lack of liquidities, a company director, Ioan Silvas, said Wednesday.
Romania’s Electrica Might Exit Mkt On Lack Of Liquidities – Official
02 iul. 2008, 13:20, English

Silvas attends the hearings of Services and Industry Commission within the Romanian Chamber of Deputies on electric power and gas in Romania, following their price hike as of July 1.

CFR is Electrica’s biggest debtor, with RON309 million, while mining companies’ debts reach RON216 million.