Energy
Armax Gaz 9-Month Profit Sinks On Lower Sales
Romanian oil and gas equipment prtoducer Armax Gaz Medias (ARAX.RO) Thursday reported gross profit of around 544,000 lei (EUR120,000) in January to September, much lower than RON2.8 million...
Small Renewable Energy Producers May Choose State Aid Different From Green Certificates
Romania’s small renewable energy producers could choose a different state aid from the green certificates mechanism, which could lead to lower prices to end-consumers.
Hunedoara Energy Holding Wants State Guarantees For EUR300M Loans
Romania’s Hunedoara energy holding Thursday said it is negotiating with state-run lender EximBank and the Economy Minister, the power producer's majority stockholder, a state guarantee for l...
Comelf Bistrita 9-Month Net Profit Rises 84%
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) Wednesday reported a net profit of 2.68 million lei (EUR0.6 million) in the first nine months, up 83.5% from RON1.46 million a ye...
Petrolexportimport Swings To RON1.3M Profit In January-September
Romanian fuels wholesaler Petrolexportimport (PEI.RO) Thursday said it has swung to a net profit of 1.33 million lei (EUR0.29 million) in the first nine months versus losses a year earlier,...
Artego Targu Jiu Sales Slightly Up In Jan-Sept To RON140M
Rubber bands maker Artego Targu Jiu (ARTE.RO) on Thursday said its sales increased 0.9% in the first nine months of 2012 to 140 million lei (EUR31.5 million), from RON138.8 million in the sa...
Hidroelectrica Sells RON118M Worth Of Electricity
Romania’s insolvent power producer Hidroelectrica Wednesday sold 118.1 million lei (EUR26 million) worth of electricity on the local market OPCOM, energy exchange data showed.
Electrica Eyes EUR449M Deal With Enel For Minority Stakes In Two Units
Romanian state-run energy company Electrica plans to sell stakes of 13.57% each in two power suppliers to Italian utility Enel in a bid to raise EUR448.2 million, the government said Wednesd...
Rompetrol Rafinare 9-Month Loss Widens To $115M
Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, Wednesday said its net loss widened slightly to $115 million in the first nine mo...