Energy
EC Approves EUR216M Cohesion Fund Investment for Bucharest's Thermal Energy Transmission
The European Commission has approved an investment of EUR216 million from the Cohesion Fund to modernize the thermal energy transmission system of Bucharest, the capital of Romania.
Kazakh–Romanian Energy Fund Starts Construction of New Cogeneration Plant at Petromidia
The Kazakh-Romanian Energy Investment Fund has launched the construction of a cogeneration plant on the Petromidia platform, an investment amounting to around $148 million, it said in a pres...
Tinmar Energy Expects Higher Revenue in 2021
Tinmar Energy group owner Augustin Oancea plans to double renewable power generation capacity, as well as launch an electric mobility project, among others.
ATP Trucks Targets Annual Production of 350 Electric Buses in 5 Years
ATP Trucks Automobile, part of ATP Group in Baia Mare, northern Romania, owned by entrepreneur Mircea Cirt, estimates it will reach an annual production capacity of 350 electric buses in the...
EY Study: Financial Hurdles Could Be Biggest Barrier to Achieving Net Zero Targets
In 2020, global renewable energy capacity investments grew 2% to $303.5 billion, the second-highest annual figure recorded to date despite the impact of the global COVID-19 pandemic, but $5....
Black Sea Bank Funds Energy Efficiency Upgrade of Romanian Households via Garanti BBVA
The Black Sea Trade and Development Bank (BSTDB) is providing a loan of up to EUR10 million to Garanti BBVA Consumer Finance, to finance energy improvements and resource efficiency of reside...
Romania Fuels Market Seen Growing Nearly 2% To $13B In 2021
Sales of oil products are expected to reach nearly $13.2 billion (EUR11 billion) in 2021, up nearly 2% versus 2020.
OMV Petrom Sales Down 24% In 2020
Sales of Romania's sole producer of oil and gas OMV Petrom, via its 560 filling stations, fell 24% on the year in 2020. By volume, each filling station sold 7% less fuel.
Rompetrol Rafinare Expects 25% Rise in Exports in 2021
The largest refinery in Romania, Rompetrol Rafinare, part of the Kazakhstan-based KMG International group expects an improvement of its results this year with the return of demand for oil pr...