





Emergency Ordinance Project: Romanian Ministry of Economy cancells over 200 million lei worth of debt
The situation got to a point where the fiscal authorities were blocking the companies’ accounts and were taking over goods essential for their activities. The ordinance argues that the measure is necessary because otherwise the companies might declare bankruptcy, causing "huge economic and social problems".
The project also shows that under-selling energy price was the main cause for the debt. It goes on to say that the low price for energy was caused by the governmental policies between 1998 – 2000, according to which electric energy was sold under the price of the production costs.
By december 31, 2008, RAAN had accumulated 220,302,000. RAAN also ows SNLO 169,913,000 lei.