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Financial crisis to produce sparks on the energy market

Publicat la 06.01.2009, 00:00:00

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Financial crisis to produce sparks on the energy market

“The market will increase by 1-2 percent at most, not including the industrial sector, which has already announced a contraction in activities,” said Doru Voicu, Business Development Manager of CEZ Romania.

The EGL Gas&Power Romania electricity and natural gas trader, a major player on this market, will reduce its 2009 budget by up to 10 percent, to counter the crisis, said the company’s General Manager, Petre Stroe.


 

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