Energy
TeraPlast, E.ON Energie Romania Sign EUR1.9M Agreement for Solar Power Station
Building materials manufacturer Teraplast and power utility E.ON Energie have signed an agreement totaling EUR1.9 million to build one of the largest solar energy generating systems in Roman...
Chimcomplex Plans to Invest EUR115M, Sees EUR1B Turnover in Five Years
Romanian chemical producer Chimcomplex Borzesti plans to invest EUR115 million on its platforms in Valcea and Borzesti and estimates its turnover will top EUR1 billion in five years.
Transgaz Gets EUR50M EIB Financing for New Pipeline
The European Investment Bank (EIB) is lending EUR50 million to Romania's gas transmission company Transgaz to finance new pipeline that will link the gas sources available at the Black Sea s...
Alro Slatina Seeks $70M Loan for Working Capital, Investments
Shareholders of Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Monday decided to supplement by $70 million a syndicated credit facility of $...
Uztel Ploiesti Seeks to Borrow RON9.5M from First Bank
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) seeks two loans totaling RON9.5 million from First Bank to refinance a previous credit line and to fund working capital.
2018 in Review: Energy Market
Like every year, energy was one of the most interesting sectors to watch, as the Black Sea gas caused tension in regional relations, and the bosses of the largest energy, oil and gas compani...
Chimcomplex Borzesti Gets Total Financing of EUR164M to Buy Oltchim Assets
Chemical producer Chimcomplex Borzesti has total financing of EUR164 million to acquire assets of state-owned chemical plant Oltchim, of which EUR30 million from Credit Suisse.
Nuclearelectrica Approves Dividends of RON485.4M
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica on Monday approved the distribution of dividends totaling RON485.4 million, requested by the Romanian state as m...
EBRD Grants EUR15M Loan to Craiova City for Urban Infrastructure Upgrades
The European Bank for Reconstruction and Development (EBRD) has granted a EUR15 million long-term loan to the city of Craiova to buy environmentally friendly buses and improve energy efficie...