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Romania's minister of economy presents proposals to resolve Oltchim crisis

10:25 AM MST | January 18, 2013 | Francinia Protti-Alvarez

Romania’s minister of economy, Varujan Vosganian, has presented a proposal to resolve the ongoing crisis at chemical firm Oltchim (Ramnicu Valcea, Romania), according to Romanian press agency Agerpress. The minister issued a memorandum containing several possible scenarios that offer long-term solutions for the company. The scenarios will not be made public until they have been reviewed by prime minister Victor Ponta and his cabinet in the coming days, Agerpress says. Oltchim’s total debt was estimated at 2.68 billion lei in December 2012. The...

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