Energy
Transelectrica Gets EUR2.2M from EUR27M EC Grant to Build New Power Line
Romanian state-run power grid operator Transelectrica (TEL.RO) on Friday said it has received a tranche of EUR2.2 million from a European Commission grant totaling EUR27 million agreed in Ja...
MOL’s Diesel Sales In Romania Up 2.5%, Gasoline Sales Stable In 1Q/2018
The volume of retail diesel sales in Romania of Hungary’s oil group MOL rose 2.5% in the first quarter of 2018, while gasoline sales remained stable compared with the same period last year,...
OMV Petrom Posts RON958M Operating Result In 1Q/2018, Up 25% On Year
Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, on Thursday said its operating result, excluding special items, rose 25% on the year to RON958 million in the...
Smart Diesel Close To RON1B Revenue In 2017
Arad-based Smart Diesel, the largest private filling station operator in Romania, posted 942 million lei (EUR202 million) revenue in 2017, 33% higher than in 2016. The profit stood at RON21....
Electrica Says Will Challenge Antitrust Fine, But Will Cut Electricity Tariffs If Required By Competent Authorities
Electricity distribution and supply company Electrica SA (EL.RO) on Friday said it will challenge the fine applied by the Competition Council but will obey a potential decision of the compet...
Nuclearelectrica to Disconnect Unit 1 Reactor from National Grid for One Month Overhaul
Unit 1 of Romania's nuclear power plant in Cernavoda will enter a planned one-month overhaul on May 2 and will be disconnected from the national power grid during this time, operator Nuclear...
Rompetrol Rafinare Extends $360M Credit Facility
Rompetrol Rafinare (RRC.RO), owned by KMG International Group, said Friday it has amended and extended a multicurrency (USD, RON, EUR) revolving loan in amount of $360 million for a period o...
Energy Holding CE Oltenia Lays Off 200 People Starting June 1
Romanian state-run energy holding CE Oltenia will lay off 200 employees this year starting June 1, under a draft government decision approving severance payments for 2018.
Antitrust Body Chief Says Electricity Prices Will Drop To Compensate Past Overcharging
Household electricity tariffs will drop to even the scoreboard after power distributors set up a cartel and overcharged over the past few years, Competition Council president Bogdan Chiritoi...