Energy
Energy Holding CE Hunedoara Expects 80% Lower Loss, Of RON169M, In 2017
The Romanian government has adopted the 2017 budget of revenue and expenditure of state-run energy holding Complexul Energetic Hunedoara, expecting 80% lower loss, of RON169 million, compare...
EY: Value Of Power Transactions In Europe Up 31% To $10B In 2Q/2017
The value of power and utilities transactions in Europe rose by 31% in the second quarter of 2017, to $10.6 billion, compared with the year-earlier period, and by 12% from the first quarter...
Romania To Raise Fuel Excises This Fall - PM
Romanian Prime Minister Mihai Tudose said Friday excises on fuel will be raised this fall and the government plans to raise royalties if pump prices grow.
Ion Sterian Appointed CEO Of Transgaz
Ion Sterian has been appointed Chief Executive Officer (CEO) of natural gas transmission company Transgaz (TGN.RO) and Marius Vasile Lupean will take over as Chief Financial Officer (CFO), a...
Tinmar Sees RON1.1B Revenue From Electricity Supply Alone In H1
Tinmar energy group held by businessman Augustin Oancea posted 1.1 billion lei (EUR240 million) revenue from electricity supply alone in the first half, up 12% while the other divisions of t...
MOL Romania Has More Than EUR10M For Investment In 2017
MOL Romania, the local subsidiary of Hungary’s MOL group and the fourth leading fuel retailer in the country, plans to make more than EUR10 million investments in Romania by yearend.
Oltchim Shuts Down for Planned Overhaul
Romania's state-owned chemical plant Oltchim will shut down for an annual overhaul between August 20 and August 31, 2017, and production activities will be halted for maintenance works.
Franklin Templeton Sells 5.74 Mln OMV Petrom Shares In One Day
Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO), sold 5.74 million OMV Petrom (SNP.RO) shares, on August 14, following four deals, at an average price per...
Transelectrica 1H Profit Falls 30%, to RON98M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday reported a net profit of RON98 million for the first six months of 2017, 30% lower than in the same period last ye...