Energy
Tinmar Energy Market Share Down From 9% To 3%
The year 2017, one of the most delicate years for the energy market, took a toll on the results of Tinmar Energy, an electricity trader held by businessman Augustin Oancea, which had become...
Catalin Dumitru Reconfirmed as Board Chairman for Rompetrol Rafinare
Shareholders of Rompetrol Rafinare (RRC.RO), the company that operates the largest oil refinery in Romania, Petromidia, have reelected Catalin Dumitru as chairman of the board of directors f...
Hidroelectrica Wins Bid To Provide Energy for Bucharest Public Transport Companies
Romania's state-owned hydropower producer Hidroelectrica has won public procurement tenders to supply electricity to Bucharest subway operator Metrorex and Bucharest's above-ground public tr...
E.ON Closes EUR5B Syndicated Deal to Back Innogy Acquisition
German energy giant E.ON has closed syndication of EUR5 billion to finance its takeover of renewables developer Innogy.
Romgaz Sues Ex Managers to Recover RON9.1M in Undue Bonus Payments
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has filed legal action against several former management-level employees to recover a total of RON9.1 million in undue overtime...
Swiss Group MET Buys RWE Energie Romania from Hungary's Innogy
Swiss energy group MET signed a deal with Hungary's Innogy (Elmű-Émász) to acquire RWE Energie (RWEE) Romania, the groups said Monday.
Transelectrica Appoints Gheorghe Olteanu As Supervisory Board Chairman
Romanian state-run power grid operator Transelectrica (TEL.RO) on Friday informed the shareholders and investors that Gheorghe Olteanu was appointed Supervisory Board Chairman by the Supervi...
Transgaz Approves Payment Of RON45.38/Share Dividend For 2017 FY
The General Meeting of the Shareholders of Romanian state-owned gas pipeline operator Transgaz (TGN.RO) on Thursday decided to pay out a gross dividend of RON45.38 per share from the company...
Oscar Downstream Returns To Growth
Oscar Downstream, a fuel distributor which mostly sells diesel to commercial customers, ended last year with 2.04 billion lei (EUR431 million) revenue, up 20% on 2016.