Energy
Nuclearelectrica Net Profit Grows 27% in 2018, to RON390.5M
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, on Monday reported a net profit of RON390.5 million for 2018, up 27.4% on the year.
Alro Slatina Posts 40% Drop in Net Profit in 2018, to RON232.7M
Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Monday said its net profit dropped 40% on the year in 2018, to RON232.7 million.
Electrica Group Targets RON739M Investments In 2019
Electrica Group, Romania’ largest electricity distributor, has budgeted investments of RON739 million for 2019, of which RON710 million represents the investment plan of the distribution sub...
ZF Power Summit 2019: Electricity And Gas Price Caps Benefit Those Who Don’t Invest And Resell
“We want to invest but we want to understand the market we invest in,” Christina Verchere, CEO of OMV Petrom said at the ZF Power Summit 2019.
Romgaz Signs Letter of Intent to Join Southern Corridor
Romania's natural gas producer Romgaz signed a letter of intent Wednesday in Azerbaijan to join the Southern Corridor in a bid to diversify natural gas sources for Romania and its neighbors.
Black Sea Oil & Gas CEO Expects Tax Decree To Be Scrapped by 2021
Romania's tax decree could be scrapped completely by 2021 when Black Sea Oil & Gas is set to start extracting gas from the Black Sea in a $400 million investment, CEO Mark Beacom said Wednes...
ZF Power Summit 2019: Need for Investment Is Real, Romania Has Always Found Solutions
Some of the largest actors in the energy sector say they will continue to invest, though more cautiously, expecting the Emergency Ordinance 114 on taxation changes to be amended soon.
Energy Ministry Looks into Merging Hidroelectrica and CE Oltenia
Romania's energy ministry is analyzing a proposition to merge state-owned hydropower generator Hidroelectrica and coal-based energy holding CE Oltenia, state secretary Doru Visan said Tuesda...
Energy Ministry Seeks To Postpone 2% Tax on Turnover in Energy Sector
Romania's energy ministry seeks to postpone a 2% tax on turnover for energy companies for at least year but says the tax will not delay or hinder investments in the sector.