Energy
Fondul Proprietatea Posts RON540M Profit in June
Investment fund Fondul Proprietatea (FP.RO), with a stock market value of RON8.34 billion, reported a net profit of RON540.74 million at the end of June, from a loss of RON95 million at the...
Rompetrol Moldova Opened 10 Filling Stations In 1H/2016
Rompetrol Moldova, a subsidiary of KMG International, opened 10 filling stations in the first half of 2016, which exclusively sell quality fuels produced by the Petromidia refinery, KMG Inte...
Automobile Dacia Drops Tinmar For CEZ To Fill Its Power Needs
Automobile Dacia, the largest company in Romania and also the largest local exporter, will be buying electricity from Czech-held CEZ for one year.
CE Hunedoara Fined RON740M Over Carbon Emission Certificates
State-run energy holding CE Hunedoara was fined RON740 million by the environmental fund for failure to acquire its required carbon emissions quota by the April 30 deadline.
Nuclearelectrica Signs RON8M Deal with National Water Administration
State-owned nuclear power producer Nuclearelectrica signed a contract with the national water administration company to dispose of waste water from the nuclear power plant in Cernavoda betwe...
Romgaz Pays Dividends At 10.5% Yield In July
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) will pay dividends from its 2015 profit starting July 26, at a yield of 10.5%.
Oscar Downstream Eyes Fuel Retail
Oscar Downstream, a company selling diesel oil to commercial customers, announces new development strategy and plans to expand into fuel retail, a market of 2,000 gas stations and annual sal...
Romgaz Announces New Hydrocarbon Discovery On Romanian Territory
Romania’s largest natural gas producer Romgaz (SNG.RO) announced a new hydrocarbon discovery on the Romanian territory in block RG.06 Muntenia Nord-Est, where it performs petroleum operation...
CEZ Group Halved Losses In Romania Last Year
Czech-held utilities group CEZ halved losses from operations in Romania last year, to RON411 million, from RON871 million losses in 2014, due to the wind power production activity, the compa...