Sorin Vladescu, Partner specializing in energy-related problems in the Tuca Zbarcea&Asociatii law firm, said the merger and acquisition (M&A) market in this field is less affected by the crisis, because this market “might have the most companies with a constant cash-flow.”

“This is a darker period, with Romania’s rating worsening, so future investors are studying the price twice to see if it corresponds to the economic reality,” said Miruna Suciu, Partner Attorney at the Musat&Asociatii law firm.