Energy
Romanian Tender Group Expands Business To Cuba, South America
Romanian Tender group negotiated two projects in Cuba, one to supply oil pumping units through a partnership between steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO) and a Cu...
MOL Romania Opens New Gas Station In EUR1.3M Investment
Hungary’s oil and natural gas company MOL said Thursday it invested about EUR1.3 million in a new gas station in Romania, expanding its local network to 135 units.
Romania Raises Electricity Prices By 10% Starting January 1, 2013
Romania’s electricity prices will increase by 10% starting January 1, 2013 due to higher costs for power producers and increased state aid granted to renewable energy producers.
Green Power Producers Get EUR260M Subsidies In 11 Months
Green power producers got more than EUR260 million via the support scheme of the Romanian government in the first eleven months, according to the data published by national grid company Tran...
Nuclearelectrica Loses RON41M Penalty Lawsuit Against Hidroelectrica
The Bucharest Court ruled against state-run energy producer Nuclearelectrica on December 17 in a suit against hydropower producer Hidroelectrica, in which it demanded penalties of 41 million...
Romania Extends Expiration Date Of Preference Shares In Electrica Units
Romania’s government Tuesday has extended until December 2013 a privatization clause allowing the employees of power producers Electrica Moldova and Electrica Oltenia to buy stakes of up to...
Hidroelectrica Sold EUR106M Worth Of Electricity Since It Went Insolvent
Romania’s insolvent power producer Hidroelectrica Tuesday sold 108.4 million lei (EUR24.3 million) worth of electricity on the local market OPCOM, the company said in a statement.
Romania Delays Again Key Privatizations; Timeframe Moved To December 2013
Romania’s government has extended by yet another year the deadline by which it plans to sell minority stakes in key state-run companies, according to a draft executive decision approved Tues...
Alro Expects 8.9% Lower Turnover In 2012, To $582M
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, has revised downward this year’s turnover to $582 million, 8.9% lower compared to turnover of $639.5 million...