The most important debt –owning company – Termoelectrica – is about to be cleared of debt worth over 44,000 billion lei ( 1.2 billion euros). The Minister of Finances, Sebastian Vladescu has recently stated that « if we want this company to exist, it is necessary for its debts to disappear ». With the mutual agreement of the ministers in the Tariceanu government, the ministry of economy established an emergency ordinance which « launders » Termoelectrica of all its debts. The draft ordinance is to approved by the government in at most two weeks, according to the same sources. The shares taken over by the Finances, AVAS and ANAF for the three companies belonging to Termoelectrica will go to the Ministry of Economy « for management and valorification », the document states.

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