Energy
Hidroelectrica Receives Some 500 Applications For Management Jobs
Romanian state-run hydropower producer Hidroelectrica has received 472 applications for manager positions at the company in the first day of a private manager selection process.
Insolvent Hidroelectrica Swings To EUR10M Monthly Profit
Major state-run energy producer Hidroelectrica has moved from monthly losses of EUR50 million to a profit of EUR10 million last month, shows a report on the company’s financial performance p...
OMV Petrom Proposes 10% Lower Dividend For 2012
Romanian oil company OMV Petrom (SNP.RO) Thursday proposed paying out its shareholders a gross dividend of 0.028 lei (EUR0.0063) a share from the 2012 record profit, 9.6% lower on the year.
Hidroelectrica Sells RON54M Worth Of Electricity
Romanian power producer Hidroelectrica Friday sold electricity worth 53.69 million lei (EUR12.12 million) on the local energy exchange OPCOM, the company said in a statement.
Gabriel Selischi To Head Petrom’s E&P Unit
Romanian oil company OMV Petrom (SNP.RO) said Thursday it appointed Gabriel Selischi as member of the Executive Board, in charge of exploration and production activities, starting September...
EU Takes Romania To Court Over Energy Policy Failures
The European Commission Thursday said it has referred Romania to the EU’s Court of Justice for failing to fully transpose community energy market rules into national law, with a proposed pen...
Enel Romania: Households Face Higher Electricity Bills, Small Companies To Pay Less
Romania’s planned deregulation of electricity tariffs will lead to higher costs for household consumers, but the duration of the process will make the impact less severe, the head of utility...
Enel Romania CEO: Power Distribution Network In Romania Similar To That In 1995 Italy
Electricity distribution networks in Romania are similar to those in southern Italy back in 1995 and the country needs some 10-15 years to meet current European standards, Luca D'Agnese, chi...
Romania To Grant RON163M Aid For Coal Mine Closure Scheme
Romania will disburse extra 163 million lei (EUR36.8 million) for state-run coal mining company Compania Nationala a Huilei (CNH), part of a financing package to be used in a restructuring p...