Energy sector arrears decrease to RON 8.481 billion

The amount of arrears of Romania's energy companies has decreased from RON 10.017 billion to RON 8.481 billion, according to preliminary 2011 data, while the operational targets for losses agreed upon with the International Monetary Fund (IMF) were 7 percent overshot, the Romanian Ministry of Economy, Trade and Business Milieu (MECMA) reported on Wednesday.The arrears have been amassed by eight companies monitored in 2011 - Termoelectrica, ELCEN, the National Peat Coal Corporation, ...

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