State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court.
During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years registering an EBITDA of 63 percent from the turnover. The insolvency showed that the state companies have potential too, it showed that they can generate stability, trust, performance and profit, said Remus Borza, the judicial administrator of the company, according to Agerpres.
Greg Konieczny, Fund Manager, Fondul Proprietatea
Greg Konieczny, Portfolio …
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