Also, all contracts on the local energy exchange OPCOM must be traded by end-November, Chitoiu also said Monday at the end of talks with the officials of the International Monetary Fund.

Romania now plans to sell a 15% stake in producer Hidroelectrica, versus 10% in the previous arrangement, in a public offering scheduled for July 2014.

Hidrolectrica is 80%-owned by the Economy Ministry, while investment fund Fondul Proprietatea (FP.RO) holds the remainder.

Romania plans to list several key companies in the energy sector, according to loan agreements closed with the IMF and the European Commission.

Joint teams from the IMF and the European Commission arrived in Bucharest on October 22 for the first review of Romania’s progress under a EUR4 billion loan program approved earlier this year.