Theme: Thursday, June 27, 2013

Prime Minister Victor Ponta welcomes Hidroelectrica exiting insolvency

PM Victor Ponta welcomes Hidroelectrica exiting insolvency, following the ruling of the Bucharest Tribunal, and considers that this is the Government's success that gives hopes of solving Oltchim problems.
"After almost one year, I am glad that Hidroelectrica finally surpassed the disastrous situation in which it was mired by PDL, returning to the market, on profit. It is a success of the Government in the fight against 'smart guys', which gives us hope for the future of Oltchim. I congratulate Mr. Borza too for his efforts that led to this success. It is important that, as of now, the future leadership of the company prioritizes investments started. As we have repeatedly stated, energy is a priority for the Government, exactly as it may be an opportunity for energy independence and economic recovery of the country, “Prime Minister has stated.