Energy
Transgaz Commits to Facilitate Natural Gas Exports
Transgaz, the state-controlled natural gas transmission system operator in Romania, has committed to facilitate natural gas exports from Romania to neighboring EU member states, in particula...
Romania To Host 40 New Electric Vehicle Charging Stations By End-2020
E.ON Energie Romania and MOL Romania will be installing 40 fast electric vehicle charging stations, in Romania, by the end of 2020, under the NEXT-E project, funded by the European Union, th...
Hidroelectrica Holds New Tender for Equity Adviser
Romanian state-owned power producer Hidroelectrica has reprised the selection process for equity advisory services in view of an initial public offering under a RON8.4 million contract after...
Transgaz, EBRD Sign MoU On Cooperation And Support For Investments In Romania Energy Sector
Romania's natural gas transmission company Transgaz (TGN.RO) on Wednesday signed a Memorandum of Understanding with the European Bank for Reconstruction and Development (EBRD) on the coopera...
EY: Oil&Gas Industry Transactions Down 18.4% By Volume And 10.8% By Value YoY In 2019
Transactions in the oil and gas industry fell 18.4% by volume and 10.8% by value on the year in 2019, considering that a stagnation in prices of goods, the disappointing results and low yiel...
CEZ Gets Offers Valuing Romanian Operations At EUR1.1B-EUR1.3B
Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion, which could serve as the basis for its decision to sell...
Hidroelectrica To Reprise Selection of Equity Adviser
Romanian state-owned power producer Hidroelectrica is set to reprise the selection process for equity advisory services in view of an initial public offering due to a technical glitch in the...
Rompetrol Rafinare Posts Net Loss of $49M in 2019
Rompetrol Rafinare (RRC.RO), part of KMG International, posted a net consolidated loss of $48.97 million in 2019, 77% deeper compared with a loss of $27.6 million in 2018, its said in its pr...
Electrica Net Profit Drops 10% in 2019, to RON206M
Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported consolidated revenues of RON6.2 billion for 2019, up 11% on the year, while its net profit dropped 10%, to RON2...