Abstract
Abstract In the context of the last turbulent three years, the energy industry in Romania had to face additional problems, due to the liberalization of the energy market. Despite pursuing profit as the immediate goal of a company, obtaining and maintaining the financial equilibrium becomes more and more important for the survival and the development of a company. The existence and maintenance of a positive Net Treasury over several successive years reflects the success of the company, proofing a good strategic position in relation to its competitors. Its lack is a permanent source of risks for the enterprise, of which long-term persistence can be considered a symptom of the risk of bankruptcy.
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