Energy
Romania State-Run Energy “Pearls” Headed Toward Bumper Profits in a Year of Nightmarish Price Hikes
Romania’s largest energy producers, Hidroelectrica and Nuclearelectrica, both state-owned, are heading toward record-high results, and their profits could be used for energy bill compensatio...
Simtel Team Posts 30% Rise in Revenue to RON18.5M in H1
Romanian engineering and technology company Simtel Team (SMTL.RO), listed on the AeRO market of the Bucharest Stock Exchange, posted record high revenue of RON18.5 million in the first half...
Transelectrica Applies for Funding from EIB’s Modernization Fund for New Power Line Investment
National grid company Transelectrica (TEL.RO) has submitted the application to the European Investment Bank (EIB) for the funding of its new Constanta Nord – Medgidia Sud 400 kV overhead pow...
Dan Dragos Dragan Re-Elected Chairman Of Romgaz Executive Board
Shareholders of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) re-elected Dan Dragos Dragan as Chairman of the company’s Executive Board, within their general meeting of Septe...
Enel X Builds Solar Power Plant For Compa Sibiu
Enel X Romania, part of Enel X, the advanced energy services division of Italy’s Enel Group, is building a solar power plant with a total installed capacity of nearly 1 MWp, for car parts ma...
Enel Green Power Takes Over Two Solar Projects In Romania From Greek Mytilineos Group
Enel Green Power, the renewables division of Enel Group, has signed an agreement with the Renewables & Storage Development (RSD) Division of Greece’s Mytilineos for the acquisition of two so...
OMV Petrom CEO: We Need Predictability and Partners
“All my career I’ve worked in oil and gas sector only. All over the world. One of the key aspects in this industry is that one works with governments,” Christina Verchere, chief executive of...
OMV Petrom Capitalization Up Over 15 Times to RON25B in 20 Years on Bucharest Stock Exchange
OMV Petrom’s (SNP.RO) capitalization has increased by more than 15 times in the two decades since its listing on the Bucharest Stock Exchange and reached RON25 billion on Friday, while its s...
E.ON Energie Romania Signs Partnerships For Over 200 Solar Parks For Companies From 2018 To Date
E.ON Energie Romania has concluded partnerships in Romania, since 2018 to date, for the construction and turnkey of over 200 photovoltaic power plants for companies, with the total value of...