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New investor needed for IMGB, we cannot accept machines to be hauled away for scrap

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A new investor is needed at the Bucharest Heavy Machine Works Company Doosan IMGB SA to continue operating, as it is unacceptable for the machinery there hauled away for scrap, Minister-designate of Economy, Energy and Business Environment Virgil Popescu said on Thursday at the end of the hearings in the Parliament's select committees. "It is a private company that, unfortunately, did not honour the" gentlemen agreement" to keep operations running. We have a lever: they were exempted from paying the green certificates for a long time. We will follow if this exemption has materialized in investments,…

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