Energy
Chimcomplex Starts Producing Disinfectant Biocides
Chemical producer Chimcomplex Borzesti, which bought a large chunk of Oltchim's assets, said Tuesday it has been authorized by the health ministry to manufacture biocidal disinfectant to hel...
Transgaz Seeks To Pay RON182M Dividends From 2019 Net Profit, At 6.7% Yield
Romania's natural gas transmission company Transgaz (TGN.RO) on Monday said it has summoned its shareholders on April 27, 2020 to approve the distribution of dividends in the amount of RON18...
OMV Petrom Sees 21% Drop in Profit in 2020, to RON2.8B
OMV Petrom (SNP.RO), the biggest company listed on the Bucharest stock market, expects 2020 sales to drop 9% on the year, to RON18 billion, and sees its profit down 21%, to RON2.8 billion, a...
OMV Petrom Seeks To Pay Gross Dividends Of RON0.031/Share, At 11% Yield
OMV Petrom (SNP.RO) said Tuesday in a stock market announcement that the Executive Board’s proposal for distribution of dividends for the financial year 2019 is the same as the one announced...
SOCAR Seeks To Lease Six Gas Stations Operated By Aral In Western Romania
Azeri oil company Socar, which has 44 filling stations in Romania, plans to take over the right of use over six gas stations operated by the company Aral M.T.B in the counties of Arad, Timis...
Petromidia Navodari Refinery To Undergo Scheduled Maintenance By End-April 2020
Rompetrol Rafinare (RRC.RO), a member company of KMG International Group, on Thursday said it will suspend the activity of the Petromidia Navodari refinery and of the petrochemical division,...
Hidroelectrica Seeks Shareholder Approval to Submit Final Bid for CEZ Assets
Romanian state-owned power company Hidroelectrica is seeking shareholder approval to draft and submit a bid for the local wind power capabilities Czech utility group CEZ.
Romgaz Eyes 2.1% Higher Revenue, Of RON5.4B, 1.8% Higher Gross Profit, Of RON1.66B, In 2020
Romania's state-owned natural gas producer Romgaz (SNG.RO) on Monday said it has budgeted for 2020 total revenue of RON5.4 billion, 2.1% higher than in 2019, and a gross profit of RON1.66 bi...
OMV Petrom Shares Fall 24% After Brent Oil Price Drop
Shares of OMV Petrom (SNP.RO), the most valuable company listed on the Bucharest Stock Exchange, fell 24% Monday in reaction to a sharp drop in Brent oil prices Sunday night.