Energy
GSP Offshore Turnover Grows 170% in 2019, to RON771M
GSP Offshore, the offshore drilling company of Constanta businessman Gabriel Comanescu, reported a turnover of RON771 million in 2019, up 170% compared with 2018, finance ministry data showe...
Nuclearelectrica Disconnects Cernavoda Unit 1 on June 20 for Planned Outage Program
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) will disconnect Unit 1 at the power plant in Cernavoda from the national grid starting June 20 for a planned outage program.
Italian Energy Producer Invests EUR80M in Residential Project in Timisoara, Western Romania
FRI-EL Buildings, a real estate division of Italian renewable energy producer FRI-EL Green Power, will invest over EUR80 million in a residential project with 1,300 apartments in Timisoara,...
Romgaz Shareholders Approve RON15.7B Five-Year Investment Plan
Shareholders of Romanian state-owned natural gas producer Romgaz (SNG.RO) have approved a RON15.69 billion five-year investment plan, the company said in a stock market report Tuesday.
Rompetrol Introduces Cash Withdrawal Services in All Its 156 Gas Stations in Romania
Rompetrol Downstream, the retail division of KMG International Group in Romania, said Tuesday it has introduced a cash withdrawal service in all its 156 gas stations across the country.
Hidroelectrica To Invest RON26B in Next Five Years
Romanian state-owned hydropower producer Hidroelectrica received approval for a RON26 billion five-year investment plan in Monday's shareholders' meeting.
Nuclearelectrica Shareholders Approve Termination of China Deal for Nuclear Reactor Builds
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica approved in a general meeting Friday the termination of deal with China General Nuclear Power Corporation for th...
Romgaz, Liberty Galati Sign MoU to Build Gas-Powered Electricity Unit
Romanian state-owned natural gas producer Romgaz (SNG.RO) and steel mill Liberty Galati signed a memorandum of understanding on Wednesday to set up a joint venture for the development of a g...
OMV Petrom Pays RON1.76B Dividends, Romanian Govt Cashes RON360M
OMV Petrom (SNP.RO), the most valuable company on the Bucharest Stock Exchange, OMV Petrom, paid RON1.76 billion in dividends to investors Friday from its 2019 profit.