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Transgaz Offering To Be Split Into Three Packages For Large, Small Investors
Capital Market

Transgaz Offering To Be Split Into Three Packages For Large, Small Investors

Romania’s planned secondary public offering of 15% in state-run natural gas transporter Transgaz (TGN.RO) will include three separate packages for corporate and retail investors, with small...

Florentina Dragu · 01.04.2013 · 16:47 · 1 min
Rompetrol Rafinare Expects Narrower Loss In 2013
Energy

Rompetrol Rafinare Expects Narrower Loss In 2013

Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, expects its loss will narrow to $51.4 million in 2013, helped by higher sales.

Florentina Dragu · 01.04.2013 · 14:58 · 1 min
Hidroelectrica To Assign RON9.5M For Expropriations In N Romania
Energy

Hidroelectrica To Assign RON9.5M For Expropriations In N Romania

Romanian state-run hydropower producer Hidroelectrica will assign 9.5 million lei (EUR2.1 million) to expropiate dwellings over three localities in the northern county of Mures, required to...

Carol Dan - Mediafax · 01.04.2013 · 14:32 · 1 min
ArcelorMittal: Aid Scheme For Green Energy Not Sustainable, Threatens Industrial Activity
Energy

ArcelorMittal: Aid Scheme For Green Energy Not Sustainable, Threatens Industrial Activity

The current system supporting renewable energy producers in Romania does not take into account the impact on the main energy consumers and might affect the latter’s operational sustainabilit...

Ioana Tudor · 31.03.2013 · 17:24 · 1 min
Romania May Export Natural Gas To EU
Energy

Romania May Export Natural Gas To EU

Romania may export natural gas to other European Union member states provided that there are interconnection points between their transport systems, the country’s energy regulator ANRE said...

Tudor Ioana Raluca · 30.03.2013 · 22:19 · 1 min
Ponta: EU Against New Aid For Oltchim, Layoffs Necessary
Social/Politics

Ponta: EU Against New Aid For Oltchim, Layoffs Necessary

Romanian Premier Victor Ponta said Friday the only solution left for insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) is the company’s restructuring and further layoffs as the Eur...

Manuela Panescu · 29.03.2013 · 21:11 · 1 min
ANRE: Romania Should Reduce Renewable Support Scheme
Energy

ANRE: Romania Should Reduce Renewable Support Scheme

Romania should reduce, and even halve, the number of green certificates granted to renewable energy producers, according to the country’s energy regulator ANRE.

Ecaterina Craciun · 29.03.2013 · 16:34 · 1 min
OMV Petrom To Invest EUR200M In Suplacu Redevelopment By 2015
Energy

OMV Petrom To Invest EUR200M In Suplacu Redevelopment By 2015

Romanian leading oil company OMV Petrom (SNP.RO) will invest in the 2013-2015 period around EUR200 million in redevelopment works at its Suplacu field in the northwestern locality of Barcau,...

Florentina Dragu · 29.03.2013 · 09:38 · 1 min
Changing The Change of Green Power Support Scheme
Energy

Changing The Change of Green Power Support Scheme

An investor in a solar PV project who now gets six green certificates per megawatt/hour of power generated might get only four as of this summer, and the get the rest after mid 2016, accordi...

Oana Gavrila · 29.03.2013 · 09:26 · 1 min