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Romanian Electricity Transporter Transelectrica “Is Still In Recession”

The financial results posted by Romanian state-owned electricity transporter Translectrica (TEL.RO) in the first half of the year were influenced, among others, by unpaid debts, and the company is still in “recession”, Thursday said company general manager Adrian Baicusi."At Transelectrica we are still in recession. (...) In the first six months of the year were were in financial deadlock on the energy segment. Legislation kept us from blocking suppliers who fail to pay their debts, we ...

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