Energy
RAFO Onesti Goes Bankrupt, Liquidator Prepares Asset Sale
Oil refinery RAFO Onesti, one of the largest companies in Romania's oil industry 20 years ago, has entered bankruptcy, according to a decision by the Bacau Court.
Transelectrica Appoints New CEO
Romania's state-owned power grid operator Transelectrica (TEL.RO) said Thursday it has dismissed Marius Carasol from the position of board chairman and appointed Claudia Gina Anastase board...
Electrica Appoints BRD to Broker Capital Hike
Romanian state-owned energy utility group Electrica (EL.RO) said Tuesday it has appointed BRD - Groupe Societe Generale as intermediary of its RON18 million share capital increase approved b...
IKEA Partner Ingka Group Buys 80% in Seven Romanian Wind Farms for EUR136M
Dutch Ingka Group, which owns most IKEA stores, said on Friday it would buy an 80% stake in seven Romanian wind farms from Danish wind turbine maker Vestas.
CEZ Tests Market Interest For Romanian Asset Sale
Czech utility group CEZ launched on Monday a market sounding to divest its assets in Romania and interest confirmed in writing by potential investors will be followed by an invitation to sub...
KMG International Could Invest Up to $2B In Petromidia Refinery
KazMunayGas International, owner of Rompetrol, could invest up to $2 billion to double the total processing capacity of the Petromidia refinery, which amounted to 5.92 million tons of raw ma...
Romanian Energy Regulator Seeks to Halt Gas Price Cap To Appease EU
Romania's energy regulator ANRE has proposed to cut short the period during which household consumers get domestic natural gas at capped prices to avoid infringement procedures from the Euro...
CIECH Soda Romania Halts Production, Starts Voluntary Layoff Program
Ciech Soda Romania, part of Polish group Ciech, has started a voluntary layoff program at the soda factory in Ramnicu Valcea after failing to reach an agreement with local technological stea...
OMV Petrom Switches to Full Digitization of Fuel Contracts with Corporate Clients
OMV Petrom has implemented electronic signature for fuel contracts with legal entities and will digitize all contracts with these customers, the company said Thursday.