Karoly Borbely and Marian Fetiba, top executives of Hidroelectrica, are ending their mandates due to tensions with the European Commission related to the PNRR.

Karoly Borbely's decision, a respected executive in the energy sector, to end his term at Hidroelectrica, alongside financial director Marian Fetiba, is a blow to the company. This comes against the backdrop of tensions between Romania and the European Commission regarding the failure to meet a milestone from the PNRR. Borbely played a crucial role in Hidroelectrica's historic IPO, and his departure could negatively affect the company's actions, in the context of a PWC report that contradicts the Commission's assessments.