Energy
Competition Council Clears Takeover Of Fidelis Energy’s Client Portfolio By RWE Energie
Romania’s Competition Council has approved the transaction whereby electricity and natural gas supplier RWE Energie acquires the client portfolio of Fidelis Energy.
Romania Leaves World Attractiveness for Renewable Energy Investments
China and India overtook the United States among the world's most attractive 40 markets for investments in renewable energy, while Romania left the ranking, according to the latest EY Renewa...
MOL Romania Invests EUR2.3M in LPG Terminal
MOL Romania, the local branch of Hungarian oil group MOL, has invested over EUR2.3 million in an LPG (liquified petroleum gas) terminal in Bihor county, western Romania.
PM: Cernavoda Nuclear Reactor Investments To Start Shortly
Romanian Prime Minister Sorin Grindeanu said Wednesday Romania targets energy independence and investments in a third and fourth nuclear reactor at the Cernavoda nuclear power plant will sta...
Romania To Become Member of OECD Nuclear Energy Agency
The Council of the Organization for Economic Co‑operation and Development (OECD) has invited Romania to become a full member of the Nuclear Energy Agency (NEA) and its Data Bank, the Romania...
Energy Producers May Access EUR147M to Invest in Green Energy
Energy producers may apply for EUR147 million EU financing to invest in renewable energy and high efficiency co-generation facilities under the large infrastructure operational program, the...
Petru Ion Vaduva Steps Down As General Manager Of Transgaz
Petru Ion Vaduva has resigned from the position of general manager of natural gas transmission company Transgaz (TGN.RO), but remains non-executive administrator, according to a notification...
Electromagnetica Posts Loss Of Over RON6M In 1Q/2017
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) registered a loss of RON6.81 million in January-March 2017, from a positive result of RON1.52 million in...
Rompetrol Rafinare Group 1Q Operating Profit Down 1%, At $34.5M; Gross Turnover Up 15%, At $821.4M
Rompetrol Rafinare Group, one of Romania’s largest, reported a 15% increase in its gross turnover, in the first quarter of 2017, to $821.4 million.