Energy
Oltchim's Debts Exceed RON2.68B In 2012
Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) had debts of over 2.68 billion lei (EUR0.61 billion) at the end of 2012, according to a document presented by the Governmen...
Hidrosind: Hidroelectrica Employees To Protests Next Week Against Illegal Layoffs
The unionists with Hidrosind said Thursday the layoffs at Romanian insolvent energy producer Hidroelectrica breach the collective labor contract, and threaten with court actions and protests...
ArcelorMittal Galati To Increase Footprint In Wind Turbine Market
Romanian steelmaker ArcelorMittal Galati has adjusted its heavy plate production to meet the requirements of wind turbine producers in a bid to increase its footprint in the lucrative local...
Hidroelectrica Eyes RON430M Net Profit In 2013
Romanian power producer Hidroelectrica estimates it will swing to a net profit of 430 million lei (EUR99.2 million) in 2013, versus losses a year earlier, the company’s legal administrator E...
Hidroelectrica Fires Managers, Eyes Competition For Open Jobs
The managers of Romanian insolvent power producer Hidroelectrica have been dismissed from their positions Thursday as part of a larger reorganization process, Hidroelectrica’s legal administ...
Hidroelectrica Sacks 154 Staff As Part Of Reorganization
Romanian insolvent energy producer Hidroelectrica has given notice of termination of employment to 154 staff and slashed another 161 vacant positions as part of a reorganization program aime...
Bogdan Enoiu Invests EUR4M In Solar Park In Southern Romania
Bogdan Enoiu, who runs communication group BV McCann Ericskson Romania, is close to finalizing a EUR4 million investment in a solar park located close to Ploiesti, southern Romania.
Mechel Resumes Production At Ductil Steel Buzau
Russia’s steel giant Mechel said Wednesday it has resumed wire production at its plant in Buzau, southern Romania.
German Conergy Opens Photovoltaic Park In Southern Romania
Germany’s Conergy Wednesday said it will enter the Romanian market by opening a photovoltaic park of 2.2 MW near the southern city of Craiova, in partnership with Solanna Investment.