Energy
Comanescu, GSP: 2017-2020 Will Be Four Very Busy Years For Black Sea
The Black Sea will most likely become Romania’s busiest site by the end of the decade, as a result the gas reserves found, and Gabriel Comanescu, one of the most important local entrepreneur...
Elcen Closes EUR5.6M Maintenance Contract With General Electric Global Services
State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) has closed a service and maintenance contract with General Electric Global Services GmbH for the gas turbin...
Competition Council Clears Takeover Of Petrofac Romania By Expert Petroleum Luxembourg
Romania’s Competition Council has approved the transaction whereby Expert Petroleum SPV SARL Luxemburg took over Petrofac Solutions & Facilities Support SRL Romania.
Hidroelectrica, Most Profitable Romanian Company In 1H/2016
Romania’s state-owned hydropower producer Hidroelectrica, which underwent a restructuring process during insolvency, became the most profitable local company by the gross profit margin poste...
Romanian Transgaz 1H Net Profit Down 12% on Year, to RON282M
Romanian natural gas transmission company Transgaz (TGN.RO) on Tuesday reported a 12% decline in net profit for the first half of the year, to RON282 million, on reduced demand for natural g...
Romanian Electrica 1H Profit Up 21%, to RON336M
Romanian electricity distribution and supply company Electrica (EL.RO) on Tuesday reported a net profit of RON336 million for the first half of the year, 21% higher than in the same period a...
Romperol Rafinare Posts $22M Profit In 1H/2016
Romanian oil refining company Rompetrol Rafinare (RRC.RO), member of KMG International group, reported a consolidated net profit of $22 million in the first half of 2016, up 23% from the yea...
Electromagnetica Registered Profit In 1H, But Its Revenue Plunged 48%
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) registered a net profit of RON4.8 million in the first half of 2016, compared with a loss of RON615,672...
Romanian Transelectrica 1H Profit Falls 32.6%
Romanian power grid operator Transelectrica (TEL.RO) Friday reported a net profit of RON142 million for the first half of the year, down 32.6% compared with the same period a year ago.