Energy
EIB And Transgaz Sign Agreement To Develop Decarbonization Strategy For Romania’s Gas Network
The European Investment Bank (EIB) and Romania’s natural gas transmission company Transgaz (TGN.RO) have signed an agreement for the provision of advisory services to prepare and develop a d...
Transgaz Net Profit Surges 67% YoY To RON258M In Jan-March 2022
Romania’s natural gas transmission company Transgaz (TGN.RO) recorded a consolidated net profit of RON258.3 million in the first quarter of 2022, up 67% from RON154.4 million in the same per...
Electrica Group Switches To RON158M Loss In 1Q/2022 Vs. RON58M Profit In 1Q/2021
Romanian state-owned energy utility group Electrica (EL.RO) registered a loss of RON158 million in January-March 2022 versus a profit of RON58 million in the same period of 2021, and revenue...
Deloitte Romania Assisted Romgaz In Acquisition Of Exxon’s Stake In Neptun Deep Gas Project
Deloitte Romania assisted local natural gas producer and supplier Romgaz (SNG.RO) in the full acquisition of the 50% stake held by US’ Exxon Mobile Exploration and Production Romania Limited...
Transelectrica Net Profit Plunges 90% YoY To RON8M In 1Q/2022
Romanian state-run power grid operator Transelectrica (TEL.RO) recorded a net profit of RON8 million in the first quarter of 2022, down 90% from RON82 million in the first quarter of 2021, a...
Romgaz Net Profit Surges YoY To RON1B In 1Q/2022
Romanian natural gas producer and supplier Romgaz (SNG.RO) reports a net profit of RON980 million for the first quarter of 2022, up 111% from the year-earlier period, and a turnover of almos...
Emanuel Muntmark Set to Build EUR600M, 1,000 MW Solar Park in Arad
Emanuel Muntmark, the most powerful green energy project developer, owner of Monsson group, is launching a mammoth investment on Romania’s market, an over 1,000 MW solar farm in Arad.
Nuclearelectrica Places RON60M Term Deposit With Banca Romaneasca
Nuclearelectrica (SNN.OR), Romania’s sole nuclear energy producer, informed its shareholders on Thursday (May 12) that it placed with Banca Romaneasca a term deposit without extension in the...
Oil Terminal's Net Profit Soars 81% YoY To RON11.5M In 1Q/2022
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Thursday reported a net profit of RON11.5 million for the first quarter of 2022, up 81% from the year-earlier period...