Romania Approves Energy Price Deregulation Law, Hotnews Reports

Romania’s Parliament approved an energy law today that provides for a gradual liberalization of regulated electricity and natural-gas prices starting this year, news website Hotnews.ro reported.

The law, which complies with a pledge by the government to the International Monetary Fund and the European Union under the terms of a precautionary accord, was approved by 186 votes in favor to three votes against, according to Bucharest-based Hotnews.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

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

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