Energy
Frank Hadinjak Leaves E.ON Romania After a Decade as CEO
Frank Hadinjak, CEO of E.ON Romania since 2008, will be leaving the company as of September 30 and will be replaced by Manfred Paach, the utility company announced Thursday.
Mintia Thermal Power Plant Shuts Down for 12 Days
The Mintia thermal power plant will be shut down for 12 days between August 23 and September 3. Management said the plant will be shut down for repair works but unionists said the issue is l...
Antitrust Watchdog Clears OMV Petrom Outsourcing to GSP Offshore
Romania's antitrust body has cleared a transaction allowing oil and gas company OMV Petrom to outsource certain maintenance, harbor operations and other related services to GSP Offshore alon...
Romgaz Summons Shareholders To Vote On Acquiring 20% Stake In Greek Firm Gastrade
Romgaz (SNG.RO), one of the largest two natural gas producers in Romania and the only one controlled by the state, has summoned its shareholders for September 25, 2019 to vote on the acquisi...
Transelectrica Net Profit Drops 69% in 1H, to RON30M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday reported a net profit of RON30 million for the first half of the year, down 69% on the year, while revenues declin...
Oil Terminal Switches To RON4.6M Profit In 1H/2019 Vs RON1.07M Loss In Year-Earlier Period
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Wednesday said it ended the first half of 2019 with a turnover of RON81.6 million, up 20% from the same period in 20...
Hidroelectrica's 1H Profit Falls 8.3%, to RON901.5M
Romanian state-owned hydropower producer Hidroelectrica posted a turnover of RON2.3 billion in the first half of the year, up 18%, but its profit dropped 8.3%, to RON901.5 million, according...
Romgaz Profit Grows 24.7% in 1H, to RON975M
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Wednesday reported a net profit of RON975 million for the first half of the year, up 24.7% compared with the first half of 20...
Electrica Posts RON109M Profit in 1H, Offsetting 1Q Loss
Romanian state-owned energy utility group Electrica (EL.RO) on Wednesday reported a consolidated net profit of RON109 million for the first half of the year, down 48%, after a RON41 million...