The Hidroelectrica energy company has cut by 64 percent the debt it registered on its list of liabilities in June 2012 when it went insolvent for the first time, the level dropping from RON 4.33 bln to RON 1.54 bln. “For the first time since 2010 Hidroelectrica registers a net positive cash flow on May 31, 2014. On June 20, 2012, Hidroelectrica registered a net negative cash flow of RON 763 M, a situation that determined the company’s administrative board to ask for the filing for insolvency in order for the company to be reorganized. On May 31, 2014, Hidroelectrica reported a positive cash flow of RON 68 M,” a company communique points out. The company pointed out that from March 2013 to April 2014 it closed credit lines from ING (RON 31 M), Alpha Bank (RON 80 M) and Banca Transilvania (RON 120 M). At the same time, in April 2014 Hidroelectrica reimbursed ahead of time an investment loan of RON 110 M contracted from the EBRD. In the following period, against the backdrop of improved liquidity, the company plans to reimburse an investment loan of EUR 75 M from Citibank International, a credit line of EUR 29 M (RBS Bank Romania) and an investment loan of EUR 60 M (ING Bank NV Dublin). The company is insolvent since February, for the second time in less than a year, the first procedure being opened during June 2012–June 2013.