Energy
Oil Terminal Profit Grows 48% in 2020, to RON3.55M
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Friday reported a net profit of RON3.55 million for 2020, up 47.8% compared with 2019.
Liberty Steel Appoints New Interim General Manager at Liberty Galati
Liberty Steel Group, part of Sanjeev Gupta’s GFG Alliance, announced Wednesday it would appoint Prasanta Mishra as the interim General Manager of its Liberty Galati plant in Romania.
Hidroelectrica's Crucea Wind Farm Acquisition Gets Antitrust Clearance
Romanian competition authorities on Monday approved state-owned hydropower producer Hidroelectrica's acquisition of Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group...
EC Opens In-Depth Investigation on CE Oltenia State Aid Measures
The European Commission said Friday it has opened an in-depth investigation to assess whether Romanian support measures in favor of energy holding CE Oltenia are in line with EU rules on sta...
Restart Energy Raises RON16.3M Via Green Bond Sale
Restart Energy, an independent electricity and natural gas supplier, has obtained financing of RON16.3 million following an Offer of green bonds carried out between January 20 and February 3...
OMV Petrom Executive Board Proposes Gross Dividend Of RON0.031/Share From 2020 Profit
The Board of Directors of OMV Petrom proposes the company’s shareholders a gross dividend of RON0.031 per share for the 2020 financial year, same as for the financial year 2019.
OMV Petrom Group Sales Revenue Down 23% To RON19.7B, Net Profit Down 64% To RON1.29B YoY In 2020
OMV Petrom Group ended 2020 with sales revenue of RON19.7 billion, down 23% versus 2019, following negative evolution of the commodity prices and lower sales volumes for petroleum products a...
Alum Tulcea Invests $3.67M in Energy Efficient Filtration
Romanian alumina producer Alum Tulcea (BBGA.RO), owned by Alro Slatina, has completed an investment of $3.67 million that modernizes and increases the performance and filtration capacity of...
Conpet Ploiesti Plans to Distribute 85% of Profit as Dividends in 2020-2022
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday published its dividend policy in view of shareholders' approval on January 28 and seeks to distribute 85% of its net p...