Iberdrola establishes 3 companies in Romania

Publish date: 08-12-2009
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The Spanish Iberdrola energy giant, which posted €19.7 billion in sales and €2.02 bln in net profit in the first nine months, finally decided to establish three companies in Romania this year.

They said that the victory of the candidate supported by the Democratic Liberal Party (PD-L) will prolong the political crisis, because the Social Democratic Party (PSD) and the National Liberal Party (PNL) majority will continue to block the replacement with an exclusively democratic-liberal government of the Boc Cabinet, which fell on 13 October, following a no-confidence vote in Parliament.

Many analysts are likewise anticipating early parliamentary elections. All analysts interviewed by Business Standard said that Romania's top priority is the quick formation of a government, which can push the 2010 draft budget through Parliament, so that the IMF agreement gets back "on track." "Basescu re-election involves a risk of more difficulties in the formation of a strong government, as his attempts to replace the Boc Cabinet were rebuffed by the Parliament.


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