MEF relies on hydro, nuclear power to cut trade deficit

The development of hydro and nuclear power facilities will reduce the need for energy raw material imports, and thus narrow down the trade deficit, stated yesterday the Romanian Minister of Economy and Finance Varujan Vosganian, taking part in the EuroMoney seminar in Vienna.'The trade deficit, which is a source for the development of Romania, is mostly generated by our exchanges with three partners: Russia, China, and the European Union,' Vosganian said. Since 40 percent of Romania's energy ...

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