Friday, March 23, 2007

Romania: Preferential energy contracts to decrease 10%

23 March 2007

Economy Ministry Varujan Vosganian said that those preferential contracts which some companies concluded with local energy makers will downsize significantly, ACT Media news agency reports.

Varujan Vosganian said at a news conference held in Iasi (eastern Romania) that no attempts of influencing the prices of energy and energy policy have been observed lately.

The Economy Minister said at the same press conference that by the end of this year, preferential contracts would decrease from 22% to below 10%.

‘'The up-to-date situation of the energy contracts show that half of them are concluded with prices established by the National Energy Regulatory Authority (ANRE), 28% of the contracts were set at the free market price and 22% are cheap contracts,'' said Economy Minister Varujan Vosganian.

Source: ACT Media News Agency

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