Other measures taken by the company lately target its restructuring in accordance with the new objectives and the modernization of production processes and managerial processes, among others.
Thus, the company’s representatives said CNU is taking all necessary steps to make the company competitive in relation with international rivals.
In January, CNU Board of Directors replaced the company’s general manager Adrian Posa with Gelu Maracineanu, on the backdrop of the situation generated by a potential closing of the company’s activity.
In February, Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) terminated its contract with CNU after the latter boosted by 76% the agreed price for the supply of uranium, way above the market price. Thus, CNU was left without its main source of revenue.
In 2015, CNU reported losses of approximately RON21 million.
National Uranium Company was established in 1997 and manages the uranium resources of Romania.