Energy
Energy Company Romelectro To Take Part In International Auctions Worth $400M
Romelectro Bucuresti, one of the largest providers of services for the energy industry in Romania, will take part in international auctions for projects worth a total of over $400 million (a...
Dafora Medias Signs EUR3M Oil Drilling Contract
Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, has signed a EUR3 million contract to drill in Hungary.
Romanian Businessman Invests EUR2M In Geothermal Heat For Greenhouse
Romanian businessman Gheorghe Calburean, who owns drilling company Dafora Medias (DAFR.RO), has invested EUR2 million in fitting his two-hectare greenhouse with a geothermal water heating sy...
Former Hidroelectrica GM Named Economy Minister Adviser
Traian Oprea, former general manager at Romanian state-owned hydropower producer Hidroelectrica, has been appointed adviser to Economy Minister Varujan Vosganian.
Farmer: Rapeseed Has Never Looked Better. This May Be Another Record Year
Signs so far show 2013 will be a good year for farmers, when they may see record results similar to 2011, a year regarded as one of the best in decades. This is what Victor Chivu, a farmer t...
Romania Sees Power Consumption Decline In 2012, Turns Into Electricity Importer
Romania’s power consumption dropped in 2012 compared with 2011, despite 2012 being a year of extreme weather conditions that should have translated into more power used.
No GHG Emission Permits Traded On OPCOM In 2012
No greenhouse gas emission permits were traded on Romania’s energy exchange OPCOM last year, the energy market operator told Mediafax Thursday.
Nabucco Reaches Financing Agreement With Azeri Consortium, Investors
The Nabucco West pipeline project has reached an agreement with four potential investors and Azerbaijani Shah Deniz consortium to jointly finance the pipeline’s construction, the Nabucco Gas...
Euro Insol: Large Firms Seen Insolvent In 2013, Mostly Targeting Industry
The cases of large Romanian companies going insolvent will increase in 2013, especially in industry, as banks can no longer roll over bad loans due to the weak economic performance, accordin...