According to Competition Council head, all unprofitable energy producers should be closed down by 2018, which is the deadline for granting subventions.
Chiritoiu mentioned the EUR1 billion losses registered last year by energy holding CE Hunedoara, which can be considered state aid.
“Our credibility is rather low, the past is not to our advantage. We have to convince that our solutions have an economical logic and are not meant to elude their rules,” Chiritoiu stated.
Attending the summit, Energy Minister Andrei Gerea said that the state is trying to save energy holdings Oltenia and Huneadoara from bankruptcy, but energy holding Hunedoara is uncompetitive and cannot handle the current market economy requirements.