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Romanian Econ Min: Termoelectrica Will Be Liquidated

Romania’s Economy Ministry will comply with the International Monetary Fund’s requests, so that the viable units of state-run power producer Termoelectrica will be separated from the parent-company that will enter liquidation procedures, minister Adriean Videanu said Tuesday.
Romanian Econ Min: Termoelectrica Will Be Liquidated
25 mai 2010, 16:03, English

„We will separate from Termoelectrica all the viable units, namely Braila, Borzesti, Doicesti, Galati and Termoelectrica will enter liquidation,” Videanu said.

The Government committed to the IMF and the European Commission to start either privatization or shutdown procedures for Termoelectrica and to sell the main stake in state-owned rail freight company CFR Marfa. The two companies are among the ten state-run companies under IMF monitoring.