Energy
EC Approves Compensation to Energy-Intensive Companies in Romania
The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emissi...
Simtel Set to Build 47 Photovoltaic Parks for Dedeman, Penny and Mega Image
Simtel, a company that deliveries renewable energy projects, plans to build 47 photovoltaic parks on the rooftops of some of the largest retailers in Romania – Dedeman, Penny Market and Mega...
Nuclearelectrica Calls Shareholders To Vote On Investment Strategy For Next Five Years
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it has summoned its shareholders on June 12, 2020 to vote on the investment strategy for the July 1, 202...
Dentons Europe to Provide Legal Services in View of Hidroelectrica IPO
Romanian state-owned power company Hidroelectrica said Thursday it has selected Dentons Europe SPARL to provide legal services in view of an initial public offering.
Rompetrol Rafinare Restarts Production after Refinery Turnaround
Rompetrol Rafinare, part of of KMG International, has completed the turnaround of the Petromidia refinery and has initiated the restart of production units, the company said in a statement T...
Electricity Supplier Getica 95: Power Consumption Down 22%
Romania’s electricity production is now balanced with consumption, which dropped by 22% as many companies stopped or reduced operations, says Viorel Tudose, owner of electricity supplier Get...
Conpet Ploiesti Approves RON61M Dividend Payments
Shareholders of Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Wednesday approved a combined gross dividend per share of RON7.05, meaning total dividend payments of RON61 mi...
Electrica Approves RON246M for Dividend Payouts
Shareholders of state-owned energy utility group Electrica (EL.RO) have approved a gross dividend of RON0.7248 per share from its 2019 profit, the company said in a stock market statement We...
Fondul Proprietatea Manager Says Hidroelectrica IPO Unlikely This Year
The planned initial public offering of Romanian state-owned power company Hidroelectrica is unlikely to happen this year, Johan Meyer, CEO of Franklin Templeton Investments and portfolio man...