Energy
Romania Names George Baesu In Petrom’s Supervisory Board
The president of Romania’s Property Restitution Authority (ANRP), George Baesu, has been appointed the state’s representative in the Supervisory Board of oil company OMV Petrom (SNP.RO), peo...
Romania’s Top 25 Wind Farms Total 1,900 MW Capacity
The top three wind power projects in Romania now include one developed by a local entrepreneur, Romanian-born Swedish businessman Emanuel Muntmark.
Transgaz Suspended From Trading Wednesday As Government Sets Price Range For SPO
Romanian natural gas transporter Transgaz (TGN.RO) will be suspended from trading on the Bucharest stock market Wednesday, April 3, as the Government is to set the price range for a planned...
Romania Temporarily Cuts Renewable Energy Aid
Romania’s government will temporarily reduce the number of green certificates granted to renewable energy producers to rein in electricity price increases, according to a draft Government em...
Nita: Romanian Energy System Must Be Reorganized
Romania's energy system must be reorganized as a result of the market liberalization and the splitup of companies on types of resources, minister in charge Constantin Nita said Tuesday.
Transelectrica Expects 2013 Profit To Fall On Tax Charge
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates its pretax profit will fall 5% on the year in 2013, hurt by a newly introduced tax on natural monopoly in the energy...
Dafora Starts Drilling At Rompetrol’s Field In Zegujani
Romanian Dafora Medias (DAFR.RO) started drilling an exploration well in the southwestern county of Gorj, the company said in a statement Tuesday.
Price Of Gasoline Up 5% And Diesel Oil Price Up 4% In 1Q
In the first quarter of the year major fuel distributors boosted pump prices, although estimates made by oil companies at the beginning of 2013 showed that consumption was expected to stay f...
Hidroconstructia Sees Revenue Shrink 40%
Largest Romanian-held construction company in 2011, Hidroconstructia, posted 623.6 million lei (EUR141.2 million) revenue in 2012, down 38% year-on-year.