Energy
Eurostat: Romania Had Lowest Household Gas Prices In The EU In 2017
Expressed in euro, Romania reported a price of EUR3.1 per 100 kWh in the second half of 2017, little below half the average price in the European Union (of EUR6.3 per 100 kWh), the EU’s stat...
ANRE: Household Electricity Prices To Fall 3.5% As Of July 1, 2018
The maximum electricity prices for Romanian households will fall on average 3.53%, compared with the current prices, following the implementation of new calculation and endorsement methods a...
Sometra Invests $40M in Eco-Friendly Recycling Plant in Central Romania
Zinc and lead producer Sometra Copsa Mica (SOMR.RO), owned by Greek group Mytilineos Holdings, will invest $40 million in an eco-friendly recycling plant in Copsa Mica.
Hidroelectrica Posts Record Profit of RON1.36B in 2017
Romanian state-run hydropower generator Hidroelectrica reported a net profit of RON1.36 billion in 2017, an all-time high, and RON485 million in the first quarter this year, despite a drop i...
Vimetco Plans To Reduce Its Ownership Stake In Alro Slatina
Russian group Vimetco, which holds 84.18% of the share capital of Romanian aluminum producer Alro Slatina (ALR.RO), is exploring strategic options for a potential decrease of its ownership s...
Electromagnetica Contests RON10M Antitrust Fine
Romanian electric and electronic equipment maker Electromagnetica Bucuresti has contested an antitrust fine issued in December last year, the company said Friday.
AFI Europe Posts 12% Growth in Operating Revenue, to EUR13.6M in 1Q
Real estate developer and investor AFI Europe reported a net operating revenue of EUR13.6 million from its revenue-generating properties in Romania, 12% more than in the same quarter of 2017...
OMV Petrom Gets Antitrust Clearance to Take Over Eurospeed's Airport Contracts
Romania's Competition Council on Wednesday said it cleared the deal whereby oil company OMV Petrom takes over the Iasi airport service contracts of Eurospeed.
Romgaz Profit Falls 10%, to RON501 M in 1Q
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Tuesday reported a net profit of RON501 million for the first quarter, down from RON560 million in the first quarter last yea...