Romanian Economy Ministry Companies Reduced Arrears, Posted 50% Lower 9-Mo Losses

The companies under the Romanian Economy Ministry's authority and monitored by the IMF have reduced their arrears, cut their personnel expenses by 4.5% and posted 50% lower losses in the first nine months of the year. The companies are Termoelectrica, ELCEN, CNH, SNLO, Oltchim, Complexul Energetic Turceni, Electrica Furnizare Transilvania Nord and Electrica Serv.Moreover, ELCEN, Complexul Energetic Turceni, SNLO and Electrica Furnizare Transilvania Nord have turned a profit in the first ...

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