Energy
ELCEN Reports RON165M Gross Profit in 1H 2017
State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN), insolvent since October 2016, recorded a gross operating profit of RON165 million in the first six months...
Coface: Romania Auto And Pharma Industries Rated At Minimum Risk; Metals And Construction At Medium Risk
Central and Eastern Europe benefited from improved risk assessment regarding some sectors of activity, in the second quarter of 2017, with the energy sector and metals industry being upgrade...
OMV Petrom Invests EUR1.7M In Railway Extension At Petrobrazi Refinery
OMV Petrom, the largest oil and gas producer in Southeastern Europe, has inaugurated a new railway section inside Petrobrazi refinery, measuring 1.4 km in length and requiring investments of...
Hidroelectrica, Most Profitable Company In Romania In 2016
Hidroelectrica, the crown jewel of Romania’s energy system in 2016 had the highest net income of all the companies in this country for the first time ever, beating Romgaz, another state-owne...
E.ON, MOL to Develop 40 Electric Vehicle Charging Stations in Romania
Utility company E.ON and Hungarian oil and gas company MOL will develop 40 electric vehicle charging stations in Romania after their NEXT-E project was selected to receive EU funding with re...
Wind Energy Output Adds RON180M to CEZ Profit
CEZ reported a net profit higher by RON181.66 million in 2016 compared with 2015, due to its wind energy output, the company said in a statement Tuesday.
EBRD Launches EUR100M Energy Efficiency Framework For Romanian Homes
The European Bank for Reconstruction and Development (EBRD) launched on Tuesday, June 27, the program Green Economy Financing Facility (GEFF), worth EUR100 million, to finance investments in...
Hidroelectrica Reports 26% Growth in Gross Profit in January-May
Romania’s state-owned hydropower producer Hidroelectrica registered a gross profit of RON743.7 million in January-May, RON 154.6 million, or 26% higher than in the same period last year, the...
ANRE: Household Electricity Prices To Drop 5.1%, Corporate Prices To Rise 8.5% As Of July 1
Electricity prices for Romanian households will fall by 5.16% and electricity prices for companies in Romania will increase by 8.53% as of July 1, 2017, the country’s energy watchdog ANRE sa...