“It is impossible to restart everything at once,” Ponta added.
Economy Minister Daniel Chitoiu also said Monday he hopes Oltchim would resume activity in 30 days at most.
Asked whether filing for insolvency would be a solution, Chitoiu answered it could be but the Economy Ministry is mainly interested that Oltchim resumes production.
Romania asked the European Commission to approve a loan of up to EUR10 million to Oltchim, adding that a decision on the country’s request would be solved within 30 days.
Romania’s Government recently failed to privatize Oltchim because the winning bidder allegedly deceived authorities and the sale fell through.
Oltchim has 54.8% of its shares in the hands of the Economy Ministry, while Germany’s PCC SE holds an 18.32% stake.
Oltchim’s losses amount to about EUR400 million and it has debts of EUR580 million.