Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Romania Utility Plans 13% Price Rise for Bucharest Water

Feb. 22 (Bloomberg) -- The Romanian utility Apa Nova Bucuresti SA, a unit of France’s Veolia Environnement SA, plans to increase water and wastewater-treatment prices in Bucharest by 13 percent starting in March to fund network improvements.

The company seeks to raise water prices in the Romanian capital by 0.75 lei per cubic meter from the current 5.86 lei ($1.76) a cubic meter next month pending approval from the public-utilities regulatory authority, the Bucharest-based subsidiary said today in a statement on its website.

“Apa Nova will adjust the tariffs to fund investments in water and sewage network upgrades needed to ensure water access in Bucharest and in flood prevention,” according to the statement.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.