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Bucharest
March 9, 2021
POLITICS

Oltchim, a “crashed airplane” with some rescue chances

Although Oltchim is a “crashed airplane” and “a model for the way in which the state administration fails to separate public interest from private interest,” nevertheless there is hope in saving the plant, Economy Minister Varujan Vosganian stated on Friday in Bistrita. In his opinion, “emotions run high” when it comes to Oltchim because it is the only big state-owned company left. “When the plant in Galati went from having 35,000 employees to 9,000 employees there was no national debate, when the Dacia plant was on the verge of bankruptcy in 1996-1997 nobody was worried, but in Oltchim’s case emotions run so high. I’ll tell you why. Because Oltchim is a challenge for us. If we manage to save Oltchim it will mean we have learned something from the experience of these 20 years. I can’t offer guarantees at this moment. Indeed, Oltchim, Remin, Fortus, Nicolina, the rolling mill in Focsani, Avera, these are examples which show that we have to change the economic paradigm,” the minister added. Mihail Talpasanu, the deputy general manager of the Oltchim Ramnicu Valcea chemical plant, has taken over the prerogatives of former general manager Mihai Balan. The latter led the plant since October 2012.

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