Energy
OMV Petrom Continues Expansion, Wins Bid for Black Sea Offshore License in Georgia
OMV Petrom, the largest energy company in South-Eastern Europe, has won an international open bid for the Black Sea block II license in Georgia, covering some 5,282 square km, the company co...
Tinmar Energy Acquires 95% of Intercereal
Electricity trader Tinmar Energy, the biggest entrepreneurial business in the local energy sector, part of Augustin Oancea's Tinmar Group, has acquired 95% of Intercereal, cereal producer ba...
Hidroelectrica Gets Go-Ahead to Pursue CEZ Assets Acquisition
Romanian state-owned power producer Hidroelectrica on Thursday received the go-ahead to submit a binding bid for the acquisition of CEZ's Romanian assets.
Nuclearelectrica Deposits RON52M at Eximbank for One Year
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) said Thursday it has deposited nearly RON52 million for a one-year period at Romanian state-owned bank Eximbank.
Romania Ranks 10th In The EU By Share Of Renewable Energy In Total Consumption
Romania ranks tenth in the European Union by the share of renewable energy in the total energy consumption, with renewable energy covering 23.8% of the country's total energy consumption in...
Energy Holding CE Oltenia 2019 Loss Shrinks To RON860M
Romanian state-run energy holding Complexul Energetic Oltenia, the largest electricity producer in Romania, registered a loss of RON860 million in 2019, from a loss of RON1.13 billion in 201...
Electrica Acquires Stanesti Solar Farm in Southern Romania
Electrica Furnizare S.A., part of state-owned utility group Electrica, said Tuesday it has signed a share purchase agreement with Raylexo Limited and Long Bridge Management for the acquisiti...
Hidroelectrica Minority Shareholder Says Buying CEZ Assets Would Affect Listing
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve the company's request to submit a binding bid for CEZ'...
Fondul Proprietatea, Romanian State Called To Approve One Of Largest Energy Deals Of Past Years: Hidroelectrica’s Acquisition Of CEZ Assets
Hidroelectrica, the largest electricity producer and the most profitable state-owned company in Romania, has summoned its two shareholders – the Romanian State, with an 80% stake, and invest...