Energy
Elbi Electric Makes EUR50M Revenue from Installing Lighting Fixtures in Romania's Cities
Romanian lighting equipment wholesaler Elbi Electric & Lighting worked on more than 80 street lighting upgrade projects conducted by public authorities.
Bogdan Badea Named CEO Of Hidroelectrica
Bogdan Badea, former interim director of Hidroelectrica, the biggest electricity producer and the most profitable state-run company, has been appointed the company’s Chief Executive Officer...
E.ON Hires 300 IT Experts At Its Research, Development And Innovation Center In Iasi
The E.ON Software Development (ESD) division of Germany’s E.ON Group, which operates in the field of electricity and natural gas distribution and supply, seeks to employ 200 IT experts at it...
Transgaz Rejects Government Request for Higher Dividends
Shareholders of natural gas transmission company Transgaz (TGN.RO), which is 58.5% owned by the Romanian state, on Thursday approved a gross dividend per share of RON21.66 and rejected the g...
OMV Petrom Invests EUR46M in Petrobrazi Refinery
Oil and gas company OMV Petrom has invested EUR46 million starting 2017 to upgrade the coker unit at its Petrobrazi refinery, the company said in a statement Wednesday.
Christina Verchere, OMV Petrom CEO: We Need Solid Guarantees to Start Black Sea Gas Drilling
The natural gas project in the Black Sea is extremely valuable, but solid guarantees, predictability and fiscal and legislative stability are needed for it, says Christina Verchere, CEO of O...
Enel’s Romanian Electricity Distribution Companies Invest RON53M In Installing Smart Meters
E-Distribuție Muntenia, E-Distribuție Dobrogea and E-Distribuție Banat, the electricity distribution companies in Romania of Italian utility group Enel Group, will be installing more than 17...
Czech Utility CEZ Says No Pressure For Quick Sale Of Its Romanian Operations
Czech-held utility group CEZ told Ziarul Financiar, with respect to its plan to sell the operations in Romania, that the changes in business strategy, which imply selling the assets in Roman...
Eurostat: Romania Posts Fourth Biggest Natural Gas Price Increase In EU In 2H/2018
Romania recorded the fourth largest increase in household gas prices, of 16.3%, in the European Union, year-on-year in the second half of 2018. Romania is outranked by Ireland (17.3%), Bulga...