Energy
Electromagnetica 2012 Pretax Profit Up 4.4%, To RON18.4M
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) on Thursday said its gross profit rose 4.4% to 18.42 million lei (EUR4.1 million) in 2012, compared to R...
Oil Terminal Profit Flat On 3.6% Lower Sales
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Thursday said its net profit stood at 540,000 lei (EUR121,000) in 2012, flat on the year, despite a 3.6% decrease in net turnover...
Owner Of CON-A Builder Invests In Solar Farm
The owner of the construction group CON-A based in Sibiu (central Romania) and one of the most important businessmen in the city, Mircea Bulboaca, plans to develop a photovoltaic farm.
Romania Plans To Halve Green Energy Support
A law significantly cutting the green energy support scheme could take effect as of July 1. At stake are investments of hundreds of millions of euros.
Government Looks For Investor To Finance CupruMin By At Least EUR50M
The Romanian Government Wednesday authorized the Economy Ministry to look for an investor to partner up with to finance the activity of coal producer CupruMin and which will further contribu...
Administrator: Hidroelectrica Won’t Exit Insolvency June 26 Unless Selling Micropower Plants
Romanian energy producer Hidroelectrica won’t exit insolvency procedure and enter a two-three years reorganization plan June 26 unless it is able to sell its micro-power plants, Remus Borza,...
Cernavoda Nuke Project Still Attractive – Nuclearelectrica
Romania’s project to build two new reactors at its Cernavoda nuclear power plant has not lost its attractiveness and it might draw interest from Asian investors, the power plant’s operator N...
Renewables Support Scheme In Romania May Be Too Generous - EconMin Official
Investors’ preference for renewable energy projects may suggest an imbalance between government support schemes in Romania, an official of the Economy Ministry said Wednesday.
ZF Power Summit '13: Electricity Prices Could Fall On Long Term
A well balanced mix of energy resources coul bring a decrease in electricity prices on the long term, according to energy specialists who attended ZF Power Summit '13 on Wednesday.