Romania’s largest chemical group, Chimcomplex (BVB: CRC), announced that it has abandoned the construction of the resin factory in Oneşti (Bacău County), a EUR 100 million project backed by EUR 46.6 million state aid, “due to the unjustified increase in the price of electricity and gas,” according to Ziarul Financiar . The company’s shares plunged by 36% y/y and by 20% year to date. "We have already announced to the stock exchange, the ministry and the banks that due to the unjustified increase in the price of electricity and gas, we stopped the investment and returned the money to the ministry," Ştefan Vuza, Chimcomplex shareholder and chairman of the board of directors, told Ziarul Financiar.