Energy
Electrica To Pay Out Dividends Worth RON292M In 2016
Romanian electricity distribution and supply company Electrica (EL.RO) will pay out dividends worth a total RON291.58 million in 2016, which translates into RON0.86/share.
ANRE: Romania To Cut Household Gas Prices By Nearly 1.5% As Of May 1
Romania’s energy regulator ANRE on Wednesday said natural gas prices for household consumers included in the consumption category B, accounting for 94% of overall clients, will be cut by an...
E.ON Romania Expects RON5B Sales In 2016
E.ON Romania, part of Germany’s E.ON group, which operates as an electricity and natural gas distributor and supplier in Moldavia, has budgeted 5 billion lei (EUR1.1 billion) sales this year...
OMV: No Intention To Sell Assets In Romania
Rainer Seele, chief executive officer of OMV and chairman of the supervisory board of OMV Petrom had his first meeting with the Romanian media on Tuesday to present the plans of the Austrian...
Alpiq Romindustries, Elsid Titu Lose Over RON400M In Suits With Hidroelectrica
State-owned power producer Hidroelectrica won the suit with energy trader Alpiq Romindustries and will not pay damages worth RON398 million for the decision of Hidroelectrica’s legal adminis...
Electromagnetica Bucuresti Targets Gross Profit Of RON3M In 2016
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) expects a gross profit of RON3 million in 2016, versus a loss of RON22 million in 2015, according to a r...
OMV Petrom Loses Antitrust Suit
Romania's High Court of Justice ruled irrevocably that oil company OMV Petrom breached antitrust regulations by forming a cartel with other oil companies, Competition Council said in a state...
Electrica Replaces Tinmar Ind As Leading Electricity Supplier
The ranking of the largest suppliers of electricity to the competitive segment – which includes small and large industrial consumers that accounted for more than 60% of the total demand for...
Cupru Min Wants To Sell 40,000 Tons Of Copper Concentrate Via International Auction
Romanian state-run copper producer Cupru Min Abrud on Thursday said it set off procedures to capitalize on its copper concentrate output, therefore, it plans to sell 40,000 tons of copper co...