Energy
CEZ Shareholders Approve Sale Of Romanian Operations
Czech-held utility group CEZ has received the shareholders’ agreement for the new business strategy which targets, among others, the sale of foreign assets, including the assets in Romania,...
Romania’s Antitrust Watchdog Unveils Fuel Price Monitoring System
Romania’s Competition Council has launched Monday, July 1, an online platform through which consumers can compare the tariffs charged by the major gas station networks in Romania.
OMV Petrom Invests EUR30M in New Drilling Campaign in the Black Sea
OMV Petrom (SNP.RO),the largest Romanian energy company, started new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. Two new wells will be drilled by t...
Liberty Acquires ArcelorMittal European Steel Assets, Including Romanian Steel Mill
The biggest steel mill in Romania is changing hands after the EU cleared the sale of ArcelorMittal's European assets to UK Liberty Group.
Romgaz Appoints New Board of Directors
Shareholders of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) approved a new board of directors in a general meeting held Wednesday.
OMV Petrom: Romania Needs A Fiscal And Regulatory Framework That Is Stable, Predictable, Competitive
Romania has a large potential on both the onshore and the offshore segments. We have invested nearly EUR1 billion annually. Investments represent the future of our company, but, in order to...
Financial Supervisory Authority Delists Energy Producer Amonil Slobozia
Romania’s Financial Supervisory Authority (ASF) decided to withdraw from stock market trading the shares issued by energy producer Amonil Slobozia, effective July 1, 2019.
Electrica Opposes Oltchim Bankruptcy
State-owned energy utility Electrica (EL.RO), a creditor of chemical plant Oltchim Ramnicu Valcea, has appealed the court decision allowing the chemical plant to start bankruptcy proceedings...
Gas Prices for Household Consumers Drop 5% as of July 1
The price of natural gas for household consumer will drop by 5% as of July 1, energy regulator ANRE said Monday.