Romania's Hidroelectrica to open offices in Budapest and Belgrade

Romanian state-owned electricity producer Hidroelectrica will open an office in Hungary’s capital Budapest, in September this year, aiming to expand its energy sales on the European market, said Remus Borza, the company’s legal administrator. The company will also have an office in Belgrade, Serbia. Hidroelectrica, which is still under insolvency, might exit the legal procedure in 2015, and after that it will be listed on the stock exchange, according to Borza. Hidroelectrica is the largest energy producer in Romania. Romania’s Hidroelectrica repays another creditor, makes cash reserves Insolvent Hidroelectrica posts new record profit editor@romania-insider.com