Energy
Energy Holding Remains ‘An Empty Shell’ After Dropping All Clients
Energy Holding, a business built on strong political connections, which benefited from the cheapest electricity in Romania for a decade and had a client list that included Romania’s largest...
Romanian Alro Slatina Revises 2015 Result to RON24M Net Loss
Romanian aluminum smelter Alro Slatina (ALR.RO) has revised its 2015 earnings to a net loss of RON24 million from a previously reported net profit of RON9.6 million, citing a change in green...
Talks Between Electrica And Fondul Proprietatea End Without Sale Agreement
Negotiations between Romanian electricity distribution and supply company Electrica (EL.RO) and investment fund Fondul Proprietatea (FP.RO), for the acquisition of minority stakes held by th...
AFI Palace Cotroceni Operator Branches Out Into Electricity Business
Cotroceni Park SA, the operator of the AFI Palace Cotroceni mall says it has taken a more active role on the electricity supply market recently even though it secured a license in 2010.
Vast Resources Invests In Doubling Production Capacity Of Manaila Mining Operation
UK-based mining company Vast Resources announced it started the works to double production capacity at the Manaila mining operation in Suceava county, and the works to modernize the infrastr...
Hidroelectrica Wins Lawsuits Against Energy Holding And EFT AG
Romanian state-owned hydropower producer Hidroelectrica on Monday said it won two lawsuits, in which energy traders Energy Holding and EFT AG asked for damages of RON102 million, after the B...
Electrica 2015 Net Consolidated Profit Up 17% On Year, To RON482M
Romanian electricity distribution and supply company Electrica (EL.RO) said its net consolidated profit stood at RON482 million in 2015, 17% higher than in 2014.
Chimcomplex Shareholders Approve Company’s Participation In Oltchim Acquisition
Shareholders of Romanian chemical company Chimcomplex Borzesti (CHOB.RO) approved, in their general assembly of March 14, a decision allowing the company to participate in the acquisition of...
Two Firms Owned By Telecom Operator RCS&RDS Fail To Get Power Distribution License
Romania’s energy regulator ANRE on Tuesday rejected a request of companies DELALINA SRL and FOTO DISTRIBUTIE SRL, controlled by telecom operator RCS&RDS, to be granted the power distribution...