Energy
Renewable Energy Producers Got EUR310M Worth Of Green Certificates In 2012
Renewable energy producers in Romania collected more than EUR310 million in green certificates in 2012, through the government support scheme, which is three times more than they got in 2010...
Transgaz Wants To Ink Four-Year Insurance Policy To Cover Faulty Management
Romanian state-owned natural gas transporter Transgaz (TGN.RO) will organize an auction in the first half of February to buy a civil liability insurance policy targeting the company’s manage...
Vest Energo Wants To Borrow EUR16.5M To Refinance Loan, Built Two New Power Units
Romanian energy producer Vest Energo Bucharest (VESE.RO) wants to borrow EUR16.5 million from state-owned lender CEC Bank or other credit institutions for investments and to refinance an old...
Energy Monopoly Tax To Be Lower Than Initially Intended
Enel, E.ON, CEZ and Electrica will pay a lower amount according to the final version of the tax on monopoly they have on Romanian energy distribution networks than ZF calculated based on the...
Rominsolv, BDO Business Restructuring Named Oltchim’s Interim Legal Administrators
A firm owned by lawyer Gheorghe Piperea and BDO Business Restructuring, part of international group BDO, have been appointed interim legal administrators of Romanian state-run chemical plant...
Oltchim’s Insolvency Approved By Managing Board
The Managing Board of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Thursday voted for the company to file for insolvency to undergo reorganization, supporting a propo...
EUR3B Worth Of Investments Waiting For Green Power Subsidy Verdict
Investors in green power, an industry that witnessed a boom over the last three years, are getting increasingly worried because of the rumors about the modification of the support scheme for...
New Tax Might Cut Price Of Transgaz Stock In Public Offering
Market value of gas transmission company Transgaz (TGN.RO) dropped by EUR30 million in three days, after the government announced it would levy a tax on the monopolistic companies in the ene...
Oltchim Files For Insolvency
Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will enter insolvency and a request to this end is to be sent to the Valcea Court, Economy Minister Varujan Vosganian told...