Germany's E.ON asks for stability to continue investments

E.ON Romania, a group specialised in electricity and natural
gas supply and distribution, says that to continue its investments
the company primarily needs a fair regulation framework and a
stable political environment, which have been lacking in the past
year at least. “We’re ending a year that has been marked by crisis,
tensions with the energy ruling authority and political
instability. In the years since we came to Romania we haven’t
granted dividends to shareholders, we’ve brought the money in the
company, but to be able to invest in the future we need stable
political environment and rules,” says Frank Hajdinjak, general
manager of E.ON Romania. “To persuade our shareholders to bring
fresh money to Romania, we must have a certain profitability rate.
So far, we haven’t proved it,” Hajdinjak adds. E.ON Romania will
invest around 60m euros in 2010 in the gas and electricity network
it operates in Moldova, similar with this year’s level. Hajdinjak
specified headcount reductions would continue next year, after the
group will reach around 7,300 employees this year.