Energy
Romania's Romgaz Secures 4-Mo Exclusive Negotiation Period with Exxon for Neptun Deep
Romanian gas producer Romgaz announced Friday it has secured a four-month exclusivity agreement with US ExxonMobil for negotiations over the acquisition of Exxon's stake in Neptun Deep offsh...
Electricity Supplier Getica 95 Files for Insolvency
Getica 95, the biggest local energy supplier on the competitive energy market, has filed for insolvency at the local court in Buzau on June 15.
Enel: Electrical Bills of Industrial Consumers in Romania Grew 5.9% in 2020
Romania is the only major market operated by Italian utility giant Enel where electrical bills grew in 2020, the company showed in its integrated annual report citing Eurostat data.
Romanian State, As Majority Owner, Requests Gross Dividend Of RON0.59/Share From Transelectrica
Romanian state-owned power grid operator Transelectrica (TEL.RO) said in a stock market report Monday that the Romanian State, its majority shareholder, requested the distribution of a gross...
Getica 95 Posts RON1.5B Revenue in 2020
Romanian-owned power supplier Getica 95 became the private leader of the electricity trade on the competitive segment, right behind Electrica Furnizare and Enel Energie, both of which have a...
MOL Romania Sees Revenue Down 20% in 2020, Optimistic About Return of Demand in 2021
MOL Romania, the local subsidiary of Hungary’s MOL group, ended last year with RON5.54 billion (EUR1.15 billion) revenue, about 20% lower than in 2019, Finance Ministry data show.
Hidroelectrica Plans to Add 600 MW in Wind Power in Following Years
Romanian state-owned hydropower producer Hidroelectrica plans to invest massively in green energy in the next years, seeking to add 300 MW off-shore wind capabilities and 300 MW on-shore win...
Delgaz Grid Completes RON16.8M EU-Funded Project For Upgrades On Three Transformer Stations In Iasi
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, is completing an investment project worth RON16.8 million, financed from EU funds, where...
Liberty Galati Appoints Aida Nechifor as General Manager
Liberty Steel Group has appointed Aida Nechifor as the general manager of its Liberty Galati plant in Romania, the company announced Friday.