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Romania fires Duro Felguera from Iernut power plant over insolvency, stalling project.
Romania's Energy Minister terminated the contract with Duro Felguera over the nearly complete Iernut power plant, citing the company's insolvency and legal issues.
The project has been stalled for years, and the move opens the possibility of a new contractor.
Meanwhile, wage growth in Romania has been outpaced by inflation, with real wages declining and forecasts predicting further erosion, potentially leading to frozen public wages and pensions in 2025–2026.
The country also faces a negative credit outlook amid economic challenges and a recent €578 million EU state aid approval for energy-intensive firms.
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Rumania despide a Duro Felguera de la central eléctrica de Iernut por insolvencia y paralización del proyecto.