Energy
Romania’s Wind Power Industry Posted Net Loss Of RON4B In 2014 And 2015
The net loss of Romania’s wind power industry increased by RON1.9 billion in 2015, to nearly RON4 billion (approximately EUR900 million), cumulated for the years 2014 and 2015, due to a lack...
Electricity And Thermal Power Producer ELCEN Goes Insolvent
Bucharest Court on Thursday admitted the insolvency request filed by state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN); KPMG Restructuring was appointed as t...
Fondul Proprietatea Sells 6.4% Stake In OMV Petrom For Maximum Price Of RON0.244/ Share
Romania’s Financial Supervisory Authority ASF on Wednesday approved the prospectus relating to the secondary public offering by which Fondul Proprietatea puts up for sale up to 3.6 billion s...
GE Seeks Another 140 Software Engineers
US industrial giant GE recruited 100 software engineers in Romania in the first half so it now has 1,000 employees in the country. It plans to add 40 more by the end of 2016 and another 100...
The Winter Of Romania’s Energy System
Anyone looking for some scrap iron from the bankrupt Romanian Authority for Nuclear Activities (RAAN) can come bid at 2.30 p.m. on Thursday.
Natural Gas Suppliers Obliged To Close Contracts On Centralized Markets In Romania, As Of Dec 1
The Romanian government has adopted an emergency ordinance, in its Wednesday meeting at, which regulates suppliers’ obligation to acquire the natural gas delivered to household consumers „ba...
President Iohannis: Energy Independence Is Essential For Romania
President Klaus Iohannis said on Tuesday, at the presidential Cotroceni palace, after welcoming a delegation of oil company OMV Petrom, that the energy independence and security are essentia...
Fondul Proprietatea To Start Partial Sale Of Its Shares In OMV Petrom
Romanian investment fund Fondul Proprietatea (FP.RO) said it would proceed with a partial sale of its shares in oil and gas company OMV Petrom (SNP.RO) through a public offering of both shar...
Nuclearelectrica Signs RON74.7M Contract With Electrica
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) signed a contract worth RON74.7 million with Electrica Furnizare, a unit of Romanian electricity distribution and supply...