Energy
OMV Petrom Profit Halves in 1H/2020, to RON867M
OMV Petrom (SNP.RO), the biggest company listed on the Bucharest stock market, reported a net profit of RON867 million for the first half of 2020, down 56% on the year.
GRAMPET's Roserv Oil Acquires RAFO Onesti Industrial Platform
Roserv Oil, part of freight railway operator GRAMPET Group, has acquired the industrial platform of bankrupt oil refinery RAFO Onesti in a public tender coordinated by RAFO's liquidator CITR...
E.ON's Delgaz Grid Posts RON41M Loss in 2019
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, posted a loss of RON41 million in 2019, 26% lower compared with 2018, finance ministry d...
E.ON Energie Turnover Grows in 2019, Profit Halves
E.ON Energie Romania, part of German utility group E.ON, posted a turnover of RON4 billion in 2019, up 8% on the year, finance ministry data showed.
MOL Romania Turnover Up 5% YoY To RON7B In 2019
MOL Romania, part of Hungary’s oil group MOL, reported a turnover of RON7 billion in 2019, up 5% from RON6.7 billion in 2018, per Finance Ministry data.
Iulian Cristian Bosoanca Elected Chairman Of Electrica Board Of Directors
Romanian state-owned energy utility group Electrica (EL.RO) said in a stock market statement that Iulian Cristian Bosoanca was elected Chairman of the company’s Board of Directors on Friday...
E.ON Launches Solar Panel Solution for Romanian Household Consumers
E.ON Energie Romania, part of German utility group E.ON, said Friday it has launched a complete solar panel solution for its household customers seeking to produce their own green energy and...
Transgaz, Banca Transilvania Conclude RON300M Lending Agreement
Romania's natural gas transmission company Transgaz (TGN.RO) on Thursday signed with lender Banca Transilvania a "contract of reusable loan facilities and of issuance of guarantee letters" w...
Eurostat: Electricity Consumption In Romania Drops To Five-Year Low In January-April 2020
Between January and April 2020, electricity consumption in Romania has reached the lowest level in the last five years, according to Eurostat, the statistical office of the European Union.