Energy
Oancea, Tinmar: 2018 First Year We’re Looking At Both Business And Residential Customers
Augustin Oancea, owner of Tinmar Energy, which mostly gets its revenue from supplying electricity, says this year’s growth strategy relies on the residential segment, and on the major commer...
Rompetrol Owner KMG International Posts 70% Growth in Net Profit in Q1/2018
KMG International, owner of Romanian oil company Rompetrol, increased its operational and financial results in the first quarter due to development in trading and retail activity related to...
Electricity Prices for Household Consumers Drop 3.5% Starting July
Electricity prices for household consumers drop by an average 3.53% as of July 1 after the Romanian energy regulator approved price drops in maximum tariffs perceived by last resort supplier...
Romanian Energy Ministry Pays RON20.9M Tranche for Romgaz Iernut Power Plant
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) said Wednesday the Energy Ministry paid RON20.9 million Tuesday, the first draw for Romgaz' investment in a combined cycle gas t...
Electricity Transport Tariffs Grow 7.5% on July 1, No Impact on Household Bills
Regulated prices for electricity transport will grow by 7.5% as of July 1 but the price for technological system services will drop 13.4% at the same time, so there will be no impact on hous...
Vimetco, Conef Offer 383 Million Shares in Alro for Maximum Price of RON2.3B
Romania's financial supervisory authority ASF has approved the prospectus for the secondary public offering of 383,791,140 shares held by Vimetco and Conef in aluminum producer Alro Slatina...
Competition Council Looks Into Takeover Of RWE Energie Romania By Swiss-Based MET Holding
Romania’s Competition Council on Tuesday said it is looking into the transaction whereby Swiss-based energy company MET Holding AG is taking over Romanian electricity and natural gas supplie...
Agip Station Integration, A Factor In MOL Romania’s 15% Revenue Growth In 2017
MOL Romania, the local subsidiary of Hungary’s oil group MOL, ended last year with more than 5.4 billion lei (EUR1.2 billion) revenue, a result that includes the revenue of the 42 Agip stati...
Government Relaunches Fuel Excise Refund Scheme for Transporters
Romania's government approved a memorandum Thursday for a state aid scheme to refund a portion of fuel excise duties to road transporters of passengers and cargo, the finance ministry said.