Energy
Konieczny: Hidroelectrica Can Be Listed After Closure Of Insolvency Proceedings
The ruling of the Bucharest Court of Appeals issued on Thursday, as regards closing insolvency procedures of state-run hydropower generator Hidroelectrica, eliminates the last impediment for...
ANRE: Romania To Raise Household Gas Prices By 2% As Of April 1
Romania’s energy watchdog ANRE approved Thursday the regulated prices for the 38 natural gas suppliers operating on the local market, while natural gas prices for household consumers will in...
Hidroelectrica Posts EUR1B Profit Between 2013 And 2016
Romania’s state-owned hydropower producer Hidroelectrica registered a profit of EUR1 billion between 2013 and 2016 and an annual EBITDA (earnings before interest, taxes, depreciation, and am...
Vast Resources Acquires Manaila Polymetallic Mine In Suceava For $2.5M
UK-based mining company Vast Resources, with operations in Romania and Zimbabwe, announced on Friday the acquisition of the remaining 49.9% of Sinarom Mining Group SRL through which it owns...
Transelectrica Proposes Dividends At 6% Or 7% Yield From 2016 Profit
Romanian state-run power grid operator Transelectrica (TEL.RO) proposes the payment of gross dividends of RON1.881/share, at a 6% yield, or RON2.257/share, at a 6.6% yield, from last year’s...
Enel To Pay EUR401M Debt To Romanian State In One Tranche This Year
Italian utility group Enel said it will pay this year the EUR401 million debt that the International Court of Arbitration ruled it has to pay to the Romanian state for the minority stake in...
Enel To Invest EUR329M In Romania By End-2018
Italian utility group Enel targets investments of EUR329 million to improve the quality of services provided in Romania, between 2017 and 2018.
Transgaz Changes Proposed Dividend, At RON46.33/Share, At 12.8% Yield
Romanian natural gas transmission company Transgaz (TGN.RO) on Thursday changed the value of the proposed gross dividend to be paid out, at RON46.33 per share, accounting for 90% of its 2016...
Conpet Ploiesti Proposes Dividends At 17% Yield
State-run oil transporter Conpet Ploiesti (COTE.RO) proposed the payment of dividends worth RON70 million, namely 91% of last year’s profit, the company said in a statement to Bucharest Stoc...