Bloomberg News

Romania to Raise Electricity Prices by June 30, Mediafax Says

May 28, 2012

Romania will raise regulated electricity prices 5 percent by the end of June for both households and companies, news service Mediafax reported today, citing government documents it obtained.

The government will stick to a plan agreed to with the International Monetary Fund and the European Union to free electricity prices for corporations in stages from September until the end of 2013, Bucharest-based Mediafax reported, citing a memorandum with the international lenders. Household electricity prices will be freed gradually from 2013 until 2017, it said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


Ebola Rising
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus