Energy
CEO: Hidroelectrica Shareholders Approve Additional Dividends Of RON1B
The Romanian State and investment fund Fondul Proprietatea (FP.RO), the shareholders of state-owned hydropower producer Hidroelectrica, on Friday decided the company will distribute addition...
Distrigaz Sud Invests RON280M In Upgrades To Natural Gas Distribution Network In 2019
Distrigaz Sud Retele has invested nearly RON280 million in 2019, in the rehabilitation, modernization and extension of the natural gas distribution network.
Alro Slatina Seeks Loan Of Maximum $40M From BSTDB To Refinance Investments Of 2018-2019
Alro Slatina (ALR.RO), producer of primary aluminium and alloys, is summoning its shareholders for January 21, 2020 to approve a decision to contract a new loan facility of up to $40 million...
Romanian State Rejects Fondul Proprietatea’s Call For RON513M Additional Dividends From Nuclearelectrica
Romania’s State, the majority shareholder of state-owned nuclear power producer Nuclearelectrica (SNN.RO), through the Economy Ministry, on Thursday rejected a request of investment fund Fon...
Fitch Affirms Romania’s Transelectrica At 'BBB'; Withdraws Rating
Romanian state-owned power grid operator Transelectrica (TEL.RO) has informed the shareholders and stakeholders that, on December 19, 2019, the international credit rating agency Fitch Ratin...
Antitrust Body Fines Premier Energy SRL RON6.3M For Abuse Of Dominant Position
Romania’s Competition Council has fined natural gas distributor Premier Energy SRL a total RON6.3 million (nearly EUR1.3 million), as a legal successor of the company Gaz Sud SA, for abuse o...
Felix Crudu Tesloveanu Named GM Of Rompetrol Rafinare As Of January 1, 2020
Rompetrol Rafinare (RRC.RO), part of KMG Group, on Wednesday announced the appointment of Felix Crudu-Tesloveanu to the position of general manager of the company, effective January 1, 2019.
Hidroelectrica Hires EY to Advise on Acquisition of CEZ Romania Assets
Romanian state-owned power company Hidroelectrica has hired consultancy company Ernst&Young to advise it in the bidding process for the acquisition of CEZ assets in Romania, sources on the c...
Hidroelectrica Signs Contract For Modernization Of Bradisor Hydroelectric Power Plant
Romanian state-owned hydropower producer Hidroelectrica has signed a contract for the modernization of a 110 kV electric station belonging to CHE Bradisor hydroelectric power plant, as part...