Energy
Antitrust Body Looks Into Termo Craiova Takeover By Oltenia Energy Holding
Romania’s antitrust body announced Monday it was looking into the takeover of Termo Craiova, which administers the heat distribution and supply in Craiova, southern Romania, by state-owned t...
New Energy Company Prepares To Join Billionaires Club
State-run energy company Complexul Energetic Oltenia, which was created last summer by the merger of major thermal power stations in Oltenia (S Romania) with the coal mines managed by Societ...
Retrasib Switches To RON3.1M Loss In 2012
Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO) Friday said it has switched to a 3.16 million lei (EUR0.72 million) loss in 2012, from profit a year earlier, hurt by lower...
Rompetrol To Buy Back Part Of Romania’s Shares In Oil Refinery
Romania’s second-largest oil company Rompetrol Friday said it has reached an agreement with government officials to buy back an unspecified stake in its unit Rompetrol Rafinare (RRC.RO).
Romania Extends Addtional Tax For Resources Exploited Prior Feb 1
The special tax introduced by the Romanian government for drilling and exploitation activities of natural resources, except for gas, will be applied also to the resources exploited prior to...
Piatra Neamt Authorities Want To Build RON72.2M Photovoltaic Park
Local authorities in Piatra Neamt (northeastern Romania) want to build a photovoltaic park worth 72.2 million lei (EUR16.4 million), with an installed capacity of about 3 megawatts.
Comelf’s Sales Rose 3.5% Last Year, To RON147M
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) Friday reported turnover of 147.1 million lei (EUR33 million) for 2012, up 3.5% on the year.
Transelectrica 2012 Net Profit Down 76% to RON27M
Romanian state-owned power grid operator Transelectrica (TEL.RO) Friday said its net profit fell 76% in 2012, as electricity volumes were down almost 4% compared with the previous year.
Stefan Gheorghe Named General Manager At Transelectrica
Stefan Gheorghe has been appointed general manager at Romanian power grid operator Transelectrica (TEL.RO), replacing Andrei Gabriel Benghea Malaies, who served in an interim capacity.