Energy
Nuclearelectrica Net Profit Grows 28% in 2020, to RON684M
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, on Thursday reported a net profit of RON684 million for 2020, up 27.8% on t...
Nuclearelectrica Shareholders Called To Approve Increase Of EnergoNuclear Share Capital By RON25M
The Board of Directors of Romania's nuclear power producer Nuclearelectrica (SNN.RO) has summoned the company’s shareholders on April 5 to approve the strategy of continuing the project of U...
Romania Expects to Operate Third Nuclear Reactor in 2030–2031
Romania's nuclear power producer Nuclearelectrica, which operates the country's sole nuclear power plant, expects to start operating a third reactor in 2030–2031, the company's CEO said Wedn...
OMV Petrom Spends EUR1.5M on LED Lighting at Petrobrazi Refinery Industrial Ramps
OMV Petrom, the largest energy company in South-Eastern Europe, has invested EUR1.5 million at the Petrobrazi refinery to streamline the lighting system of its ten industrial ramps where cru...
EC Approves EUR254M Aid for Bucharest Heating System Upgrades
The European Commission has approved an aid of EUR254 million from structural funds to support the upgrade of the central heating system of Romania's capital city Bucharest.
Romgaz in Talks to Buy Exxon's 50% Stake in Neptun Deep Black Sea Project
Romanian state-owned natural gas producer Romgaz is currently in talks to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romania's econom...
Fondul Proprietatea Sells 7% Holding in Nuclearelectrica in 2020
Fondul Proprietatea (FP.RO) has sold its entire 7.1% stake in nuclear power producer Nuclearelectrica (SNN.RO) throughout 2020, one of its longest standing investments.
Hidroelectrica Profit Grows 4.8% in 2020, to RON1.45B
Romanian state-owned hydropower producer Hidroelectrica ended 2020 with a net profit of RON1.45 billion, up 4.8% on the year, according to the annual report of minority shareholder Fondul Pr...
Transgaz 2020 Net Profit Plunges 34% To RON230M
Romanian state-owned gas natural transmission company Transgaz (TGN.RO) ended 2020 with a net profit of RON229.8 million, down 34% on the year, according to calculations by Ziarul Financiar...