power holding

Establishing just a single national power holding, as sustained by some political leaders, would be "an incredible error," Romania’s acting Economy Minister Adriean Videanu said Thursday.

Romania needs a single national energy holding to be further capitalized and to start playing on the regional power market, social democrat presidential candidate Mircea Geoana said Monday during an economic debate.

Romania’s Economy Ministry decision to annul the national power holding setup "is the worst decision ever made," following which Romania will no longer matter on the European energy market, Dumitru Costin, head of national union BNS, told MEDIAFAX on Wednesday.

Romanian Economy Ministry will draw up an emergency ordinance to annul the national power holding setup, Tudor Serban, state secretary within the ministry, told MEDIAFAX on Wednesday.

The Romanian government has decided on Wednesday through emergency ordinance to establish the national energy company, which groups nearly 50% of the country’s power production.