Energy
Organized Crime Dept Lifts Most Seizures Off Rompetrol Rafinare Assets
Romania's department fighting organized crime and terrorism (DIICOT) has lifted a vast majority of the precautionary measures imposed on KMG International, Oilfield Exploration Business Solu...
Electrica Increases Share Capital By RON5M, Up To RON3.46B
Romanian state-owned energy utility group Electrica (EL.RO) has increased its share capital by RON5 million, up to RON3.46 billion, through in-kind and cash contribution, by issuing 503,668...
Hidroelectrica Takes Steps to Acquire Romanian Assets of CEZ and Enel
Shareholders of state-owned power producer Hidroelectrica are set to decide in two general meetings in December whether to hire consultants for the acquisition of CEZ and Enel assets in Roma...
Rothschild, Lazard and STJ Compete for Hidroelectrica Equity Adviser Position
Electricity generation company Hidroelectrica valued at EUR4.3 billion seeks to hire an international consultant to prepare it for the stock sale and listing process.
Adrian Goicea Named Chairman Of Transelectrica Supervisory Board
Romanian state-owned power grid operator Transelectrica (TEL.RO) has appointed Adrian Goicea to the position of Chairman of the company’s Supervisory Board, whose mandate is valid until Marc...
Government to Repeal Part of Controversial Tax Bill
Romania's liberal government will fast-track a bill to repeal several provisions of a controversial tax bill adopted by the previous social-democrat government, prime minister Ludovic Orban...
Enel CEO: Anything Can Be Sold
Anything in the energy sector can be sold, provided that the necessary steps to improve efficiency and grow the company in its respective country have been taken, says Francesco Starace, chi...
E.ON Opens Tree Electric Vehicle Charging Stations on Bucharest-Ploiesti Road
E.ON Energie Romania, a local division of German utility group E.ON, is opening three charging stations for electrical vehicles on national road 1, linking Bucharest to Ploiesti, one of Roma...
Hidroelectrica Net Profit Drops 22% in Jan-Sept, to RON1.3B
Romanian state-owned hydropower producer Hidroelectrica posted a turnover of RON3.3 billion in the first nine months of 2019, up 2% on the year, and its net profit dropped 22%, to RON1.3 bil...