According to Vosganian, the mandate of Oltchim’s current general manager, Mihai Balan, expires on March 15. He took over this position in October 2012.
Oltchim entered insolvency at the end of January after the state failed to privatize the company.
Romania’s Economy Ministry will appoint special administrators and a new general manager at insolvent state-owned chemical plant Oltchim by March 15, Economy Minister Varujan Vosganian said Thursday.