Minister sacks special administrator, tries to steer Romanian Authority for Nuclear Activity out of insolvency

The Minister Delegate for Energy recently fired the special administrator at the insolvent Romanian Authority for Nuclear Activity and proposed several measures to bring the company back on track. In a press conference on Tuesday, April 15, Răzvan Nicolescu, the Minister Delegate for Energy, said he sacked Dănuţ Andruşcă, the company's special administrator, who was making some EUR 4.400 a month, an amount which the minister deemed 'immoral', given the company's situation. He also appointed a new special administrator, Viorel Marian, and made state sub-secretary Daniel Andronache responsible of the company's activity within the Energy Department. The department's control task force started a new investigation into the authority's activity, which should be finalized by the end of the week. A previous control found that the special administrator had allowed for a RON 800 million – or EUR 177 million – debt to be included in the statement of affairs, allowing voting rights to the Confort group of companies. The decision to do so, according to Nicolescu, was illegal. The Romanian Authority for Nuclear Activity, which has 2,460 employees, became insolvent in 2013, with a debt of some EUR 151 million. One of the companies most affected by the nuclear activity authority's situation is Complex Energetic Oltenia, which needs to recover a debt of some EUR 60 million, most of which stemming from before the insolvency. editor@romania-insider.com