Energy
FP Values Hidroelectrica at RON24.4B
Romanian state-owned hydropower producer Hidroelectrica is assessed by minority shareholder Fondul Proprietatea (FP.RO) at RON24.4 billion, gaining RON3.7 billion in value in just one month...
Electrica Group Targets RON678.2M Investments In 2020
Electrica Group, Romania’ largest electricity distributor, has budgeted investments of RON678.2 million for 2020, of which RON597 million represents the funds allotted to its distribution su...
Norway Sovereign Fund Sells Stakes in Romanian Energy Companies, Buys into Sphera Group
Norway's Sovereign Wealth Fund, with assets of $1.1 trillion, liquidated its stakes in Romania's Nuclearelectrica, Romgaz and the Bucharest Stock Exchange operator and bought into Sphera Gro...
Romanian Government Gets RON502M in Back Dividends from Enel
Romania's government has recovered RON502 million in dividends owed for its minority stakes in three companies owned by Italian utility group Enel.
Nuclearelectrica Posts 31% Growth in Net Profit in 2019, to RON540M
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Wednesday reported 31% growth in net profit for 2019, to RON540 million.
MOL Romania Develops Electrical Mobility Project Plugee
MOL Romania, the local subsidiary of Hungary’s MOL group, is working on its own electric mobility project, Plugee, and the first stations are already operational in Bucharest.
Romgaz Sees Lower Natural Gas Production, But Higher Turnover In 2019
Romania's state-owned natural gas producer Romgaz (SNG.RO) on Tuesday said its natural gas production decreased in 2019, but its turnover grew 1.52%.
Nuclearelectrica Increases Share Capital By RON1.4M Via Contribution In Kind And In Cash
Shareholders of Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) have approved a decision to increase the company’s share capital through contribution in kind and in cas...
Romgaz Net Profit Grows 4.5% in 2019, to RON1.43B
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Tuesday said its consolidated turnover grew 1.5% on the year in 2019, to RON5.1 billion, and its net profit grew 4.5%, to...