Project setting up Electra and Hidroenergetica companies failed/ Economic ministry plans to privatize management for a quarter of the state companies
Economy minister Ion Ariton said that this is a measure that has been announced a long time ago. He said he is convinced that the privatization of the management will bring better economic results and will increase the trust of investors interested in major projects Romania has in the upcoming period. Romania’s Economy minister struggled for two years to reorganize the energy sector by setting up two giant companies. The project was initiated by former Economy minister, Adriean Videanu but the reorganization plans lead to a series of complains from the creditors and unions.