* The Govora electric plant can no longer supply electricity to Oltchim, starting with February 15th
Nearly 300 employees of Oltchim yesterday protested near the headquarters of the plant and on the petrochemical platform of Arpechim. They have asked for the payment of the overdue salaries and for a clear decision on the company.
Union leader Corneliu Cernev said: "The people aren't asking just for their overdue salaries. They are asking for working capital and they are also protesting because the divisions which were still working have also been stopped, due to the lack of raw materials".
Gheorghe Piperea, a partner at Rominsolv, who was appointed as receiver of Oltchim, as part of a consortium with BDO Business Restructuring, told us: "The divisions in question have been stopped temporarily. We are making great efforts to preserve some of the contracts with our suppliers, which would allow the functioning of at least a part of Oltchim. We are in talks with several providers of raw materials who no longer want to deliver to Oltchim anymore, as well as with CET Govora, which has announced that it can no longer supply energy to Oltchim starting with February 15th. The people need to be patient and a little calm. Oltchim has only been in insolvency for a few days".
He stressed that the Ministry of the Economy is making great efforts to get the permission to grant a state aid to Oltchim, an action which needs to be notified to the European Commission: "Like I said before, Oltchim urgently needs a bailout of 20 million Euros from the state. The authorities are also preparing the documents to provide state guarantees for a working capital of 25 million Euros. Thus, with the 45 million Euros production can resume".
The representative of Rominsolv said that solutions also exist for the payment of the overdue wages: "In the case of a company whi
