Energy
Startup Company Ogre AI Raises EUR2M From EGV And MMC Ventures
Ogre AI, a startup company specialized in machine learning and artificial intelligence (AI) solutions for the energy sector, has announced the completion of an EUR2 million investment round...
Johan Meyer, Fondul Proprietatea: Hidroelectrica’s Current Value Tops $10B
Hidroelectrica’s current value exceeds $10 billion and, if listed on the stock market, its value could grow by 10%-15%, Johan Meyer, Portfolio Manager at Fondul Proprietatea, told ZF Power S...
Camelia Ene: MOL Romania Opened 16 Filling Stations During COVID-19 Pandemic
MOL Romania has opened 16 filling stations on the local market during the coronavirus pandemic, Camelia Ene, country chairman & CEO of MOL Romania, told ZF Power Summit 2022 on Tuesday (Feb...
Ruling Coalition Leaders Decide On Fuel Excise Duty Cut, Fin Min Says
Finance minister Adrian Caciu on Tuesday said ruling coalition leaders agreed with his proposal to temporarily reduce the excise tax on fuel by 50%.
Elis Pavaje Invests EUR600,000 To Install Photovoltaic Generators
Paver manufacturer Elis Pavaje is investing EUR600,000 to install photovoltaic (PV) generators in partnership with Restart Energy, one of the largest independent energy suppliers on the loca...
Transelectrica Reports RON6M Loss In 2021 Vs RON145M Net Profit In 2020
Romanian state-run power grid operator Transelectrica (TEL.RO) reported total operating revenue of RON3.7 billion in 2021, up 58% on the year, and a loss of RON6 million versus a net profit...
Oil Terminal Turnover Up 10% To RON212M, Net Profit Up 55% To RON5.7M YoY In 2021
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) ended 2021 with a turnover of RON212 million, up 10% on the year, and a net profit of RON5.7 million, up 55% form the s...
Nuclearelectrica Appoints Dan Niculaie-Faranga As Interim Chief Financial Officer
Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced in a stock market report on Friday the decision of its Board of Directors of Feb 10, 2022 - based on the recommendation o...
Fuel Supplier Artoil Revenue up 45% to EUR145M in 2021
Timisoara-based fuel supplier Artoil posted revenue of EUR145 million in 2021, up 45% on the previous year, the company said.