Oltchim administrators on Tuesday met Economy Minister to discuss the issue.
“The financial results in the last year show there are positive premises for a profitable reorganization of the company, while the option of bankruptcy is excluded,” Tudose said in a statement.
Oltchim’s administrators said the company’s turnover rose from EUR5.4 million per month when it went insolvent in February 2013, to EUR16 million per month in the last months of 2014.
Oltchim, 54.8% owned by the Economy Ministry, halted operations in August 2012 in preparation for a privatization attempt, which failed after the auction winner refused to pay the price agreed with the authorities.