Moldova: Fine against Spanish energy company cancelled.

(From BBC Monitoring International Reports)

A controversial fine imposed by a Moldovan state agency against a Spanish energy company has been cancelled. Union Fenosa, which owns three of Moldova's five energy distribution companies, has complained of increasing pressure by the Moldovan authorities. Recently, the World Bank stated that all claims against the company must be dropped before Moldova can receive and more loans. The following is an excerpt from report by Moldovan private ProTV on 2 April

[Presenter] Two hours ago, the [Moldovan] standardization department annulled a 45.7m-dollar fine imposed against Union Fenosa. This decision was announced today …