Romanian Transelectrica Has Tough Time Getting Funds - Director

Romanian state-owned power grid operator Transelectrica (TEL.RO) is having a tough time securing financing, thus it can only cover a minimum level of investment, company official Dan Preotescu said Thursday."As far as financing is concerned, our situation is very bad. The lending conditions have changed a great deal," Preotescu told a news conference."The company does not own the installations it uses, since they belong to the state, which reduces out ability to secure loans. Then there are ...

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