Energy
Hidroelectrica Produces Nearly Half of Romania's Energy
Over 40% of Romania's electricity output these days is ensured by hydropower generator Hidroelectrica, the largest local power producer by installed capacity.
Romania’s Energy Transition: How To Turn An Impressive Number Of Google Search Results Into One Of The Largest Economic Opportunities
“Romania has great energy potential”. I imagine it would be very difficult for anyone in Romania to say how many times they have heard or read this phrase, or when was the first time that th...
OMV Seeks To Raise Gas Sales by 2025
Austria's OMV, which owns Romania's oil and gas company OMV Petrom, aims to invest a cumulative EUR1 billion will in the Schwechat, Burghausen and Petrobrazi refineries by 2025, facilitating...
EC Opens In-Depth Investigation Into CE Hunedoara State Aid
The European Commission on Monday opened an in-depth investigation to assess whether various public support measures from Romania in favor of energy producer Complexul Energetic Hunedoara ar...
Romgaz Gets First Parts For Iernut Power Plant
Early in 2020, Romania’s largest natural gas producer Romgaz will complete a EUR268.8 million investment in a new gas-fired power plant in Iernut (Mures County, central Romania).
Transgaz Estimates 25% Rise in Revenue, 58% Drop in Profit in 2018
Romanian natural gas transmission company Transgaz (TGN.RO) expects total revenues of RON2.5 billion in 2018, 25.4% higher on the year, and a net profit of RON213 million, 58.5% lower than i...
Garanti Leasing Funds EUR300,000 Electric Vehicle Fleet
Garanti Leasing, part of financial group Garanti Romania, is financing the acquisition of 20 Renault Zoe electric vehicles with over EUR300,000 to support sustainable entrepreneurial project...
Romanian Transgaz Wins Privatization Bid for Moldovan Gas Pipeline Operator
Romanian natural gas transmission company Transgaz (TGN.RO) has won the tender for the privatization of Vestmoldtransgaz, the gas pipeline operator in neighboring Republic of Moldova, Moldov...
Hidroelectrica Sees Higher Than Expected Profit In 2017
Romania’s largest electricity generation company Hidroelectrica ended last year with about 1.5 billion lei (EUR322 million) gross profit, close to the record high of 2016 and 20% more than b...