Energy
GDF Suez: Electricity Price In Romania Is Very Low
The price of electricity in Romania is very low, and part of the price paid by consumers is due to the old distribution system, says Eric Stab, president of GDF Suez Energy Romania.
Transgaz Net Profit Down 27% In 2012 To RON281M
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday reported a preliminary net profit of 281 million lei (EUR63 milion) for 2012, down 27% on the year.
MOL Fuel Sales In Romania Up 4% In 2012
Hungary’s oil and natural gas company MOL said Tuesday it sold 469,000 tons of fuel in Romania last year, up 4% from 451,000 tons in 2011, driven by higher diesel fuel sales.
Vosganian: OMV Petrom Not To Dismantle Arpechim Refinery
Romania’s Economy Minister Varujan Vosganian on Friday said OMV Petrom (SNP.RO) will not dismantle its Arpechim refinery, as announced Thursday, and it will be at the Government's "disposal"...
Comelf To Borrow EUR3.3M For Upgrade Project
Romanian industry equipment maker Comelf Bistrita (CMF.RO) plans to borrow EUR3.3 million from local bank BRD-Societe Generale to finance an upgrade project at its production lines, the comp...
Vosganian: Two Of Mechel’s Former Steel Plants To Resume Production In March
Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, plans to restart production at two of the four facilities in March, Economy Ministry Varujan Vosgani...
Hidroelectrica Plans 12.5% Capital Share Boost
Romania’s state-run power producer Hidroelectrica plans to increase its share capital by 12.49% and to launch an initial public offer of 10% of the resulting stock, according to a draft deci...
OMV Petrom, Spain’s Repsol Ink Deal For Deep Onshore Exploration In Romania
Romania’s leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Moun...
Dacia To Become Solar Energy Producer
Dacia, the largest carmaker in Romania and one of the best-known Romanian brands abroad, has decided to become a producer of solar energy through a solar panel project which is set to be ins...