‘I know for sure that the Russians from TISE are interested in taking over the refinery from Pitesti the one which works on an integrated system with Oltchim. A successful takeover would obviously grant more than the survival of our chemical plant, it would help resume the economic growth in the area. From my information, the talks between the Ponta Government and the Russians from TISE are rather advanced and positive results are expected. Right now this is Olthim’s only chance to emerge from this economic decay and for Râmnicu Vâlcea to avoid a social catastrophe’, Frâncu stated according to Agerpress.
The mayor statement comes after the central media published information regarding the negotiations between the Government and the Russian company regarding the takeover of the Oltchim chemical plant.
The workers of Oltchim protested again in the company’s courtyard requesting the payment of overdue salaries, chanting anti-government slogans and accusing county authorities of unfulfilled promises.
The power plant was shut down at the end of August on account of overdue debt amounting to more than 700 million euros. In the meantime, an unsuccessful privatization attempt was carried out and in early October one of its sections resumed activity.
In the meantime, the power plant management was changed staring with the general director Constantin Roibu and ing. Mihai Bălan was appointed in his stead, the former director of CET Govora.
The IMF request the shutdown of the Oltchim power plant, several sources close to the IMF’s representatives claim. The request follows after the failed privatization attempt and now Oltchim has become a black whole for the state’s economy. The IMF claims that Romania should not invest 20 million euros in Oltchim if the company registered losses.
Over 500 employees in the Oltchim power plant are protesting in the streets Tuesday morning, to claim their two months overdue salaries and six workers have entered hunger strike.
Oltchims debts amount to more than 700 million euros, and at this time the power plant operates at 8% of its capacity.
The Oltchim privatization attempt failed, because Dan Diaconescu who won the state owned stake auctioned, failed to pay the 45 million euros for the bonds.
The IMF representatives will go to the Ministry of Economy today to discuss the issue.
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