Without debt rescheduling, Posta Romana would have entered insolvency due to malfunctioning management, Prime Minister Victor Ponta said.
Two weeks ago, Ponta said he would ask the Government Control Body to check on the situation at Posta Romana and state-run Agency of State Domains following information alleging the two companies are in dire financial straits.
Posta Romana has around 35,000 employees. In the last three years, the company has posted losses of EUR100 million.
The Communications Ministry owns 75% of Posta Romana’s capital, while investment fund Fondul Proprietatea owns 25%.