Romania to Raise Electricity Prices by June 30, Mediafax Says

Romania will raise regulated electricity prices 5 percent by the end of June for both households and companies, news service Mediafax reported today, citing government documents it obtained.

The government will stick to a plan agreed to with the International Monetary Fund and the European Union to free electricity prices for corporations in stages from September until the end of 2013, Bucharest-based Mediafax reported, citing a memorandum with the international lenders. Household electricity prices will be freed gradually from 2013 until 2017, it said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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