Energy
Rompetrol Set to Open 11 Gas Stations in Romania in Next Two Months
KMG International Group continued to develop its retail operations around the Black Sea in the first four months of the year by opening 12 new gas stations in Romania, Bulgaria, and Georgia....
Romgaz Shares On Upward Trend After Company Unveils Nearly RON15.7B Investment Program For Next 5 Years
Romania's state-owned natural gas producer Romgaz (SNG.RO) on Tuesday said its shares are on upward trend after it unveiled the development/investment strategy for the 2020-2025 period, wher...
Transelectrica Net Profit Doubles YoY To RON77M In 1Q/2020
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday said its net profit reached RON77 million in the first quarter of 2020, versus RON38 million in the year-earlier pe...
Hidroelectrica Turnover Down 14.3% To RON848M, Net Profit Down 13.6% To RON430M In 1Q/2020
Romanian state-owned power company Hidroelectrica on Friday said it ended the first quarter of 2020 with a turnover of RON848 million, down 14.3% on the year, and a net profit of RON430 mill...
Alro Group Consolidated Turnover Falls 7% To RON712M, Loss Widens To RON110M YoY In 1Q/2020
Alro Group, one of Europe’s largest vertically integrated aluminium producers, by production capacity, on Thursday said its consolidated turnover fell 7% on the year to RON712 million in Jan...
Transgaz Net Profit Up 5% YoY To RON201M In 1Q/2020
Romania's natural gas transmission company Transgaz (TGN.RO) ended the first quarter of 2020 with a net profit of RON201.8 million, up 5% on the year, as its operating revenue before the bal...
Electrica Group Posts RON80M Consolidated Net Profit In 1Q/2020 Versus RON41M Loss In 1Q/2019
Electrica Group registered a consolidated net profit of RON80 million in the first quarter of 2020, compared with a loss of RON41 million in the year-earlier period, and its revenue grew 4.7...
OMV Petrom Invests EUR1.3M In Installing Photovoltaic Panels In 40 Filling Stations In Romania
OMV Petrom, the largest energy company in Southeastern Europe, has installed photovoltaic panels in 33 OMV-branded filling stations and in seven Petrom-branded filling stations, so that they...
Nuclearelectrica Operating Income Down 6% To RON636M, Net Profit Down 1.9% To RON215M In 1Q/2020
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) ended the first quarter of 2020 with operating income of RON636 million, down 6% on the year, of which RON625 million r...