End of insolvent companies considered

The Industry Ministry, the Privatisation Authority and the Public Finance Ministry will analyse the situation of the large loss-making companies in the industry, which are or may become insolvent and cannot be privatised, and look into the possibility of closing them. The Development and Prognosis Ministry has devised an economic programme consisting in the main measures the Government is considering for the various sectors of the economy this year. The programme shows the main measures considered are analysing the situation of the large loss-making companies in the economy, privatising two electrical power production and distribution units and two natural gas distribution companies by December, as well as revising the manner of calculating the tariffs for the electrical and thermal power distribution this month. Adjusting the national benchmark price of the thermal power and the prices of the thermal power supplied by Termoelectrica by introducing local tariffs until July and including the environment protection costs in the energy price by December are also some of the measures proposed for this year. ZF