Energy
Suceava Authorities To Sell 5-Ha Land For Power Plant Construction
Local authorities in Suceava, northeastern Romania, will sell a five-hectare plot of land, for EUR315,000, to industrial engineering company Adrem Invest which previously leased it in view o...
Transgaz Raises EUR72M In Secondary Stock Offering
Romanian state-run natural gas transporter Transgaz (TNG.RO) has raised EUR72 million in a secondary public offering of 15% of its shares ended April 16, Minister-delegate for Energy Constan...
Romania Abandons Plan To Sell Petrom Stock – Energy Minister
Romanian Minister-delegate for Energy Constantin Nita said Wednesday that the government is unlikely to resume the sale of a 10% stake in oil company OMV Petrom (SNP.RO), following an unsucc...
Nita: Nuclearelectrica IPO Expected After Mid-May
Romania’s planned offering of a 10% stake in state-run energy producer Nuclearelectrica will be launched in the second half of May, Minister-delegate for energy Constantin Nita said Wednesda...
Transgaz SPO Oversubscribed, Price To Be Unveiled Wednesday
The secondary public offering of 15% in Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) ended at Tuesday at noon and all three tranches were oversubscribed, according to...
Government Adopts Decree On Protection Measures For Laid-Off Employees
Romania’s Government adopted Tuesday an emergency decree containing social protection measures for employees affected by the restructuring of state-owned companies, Economy Minister Varujan...
Energy Producers Expect Major Profits For This Year, Have Upbeat Plans For 2015
Energy Complex Oltenia, Hidroelectrica and Nuclearelectrica, the largest energy producers in Romania, have budgeted significantly higher profits for this year against last year, with upbeat...
CE Oltenia Broker Selection Yields Just One Bid - Sources
Romania’s Economy Ministry has received only one offer from brokerage houses for the upcoming listing of a 12% stake in state-run energy holding CE Oltenia, market participants told Mediafax...
Proprietatea Fund Seeks Higher 2013 Dividend From Conpet
Romanian investment fund Fondul Proprietatea (FP.RO) Friday proposed oil transporter Conpet Ploiesti (COTE.RO) pay out its shareholders a gross dividend of 11.35 lei (EUR2.58) a share from l...