Energy
Romania Has To Choose: Investments Of EUR1B Per Year Or Energy Imports In The Future
The Romanian energy sector has been at a crossroads for a long time and in order for it to get out of this gridlock investors unanimously ask for a good strategy and real competition, otherw...
Romanian PM Confirms Talks To Delay Transgaz Offering
Romanian President Traian Basescu and the government agree to delay the sale of 15% in natural gas transporter Transgaz (TGN.RO) over an expected price increase in a couple of years due to t...
Conpet 9-Month Net Profit Up 7.6% To RON30.9M
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Wednesday said its net profit increased 7.6% in the first nine months of the year to 30.96 million lei (EUR6.9 million), from RON...
Romania To Delay CFR Marfa Privatization, Transgaz SPO - Sources
Romanian President Traian Basescu and Prime Minister Victor Ponta agreed on Wednesday to delay the privatization of state-run freight rail company CFR Marfa, as well as a secondary offering...
CEZ Investments In Romania Exceed EUR2.2B
Investments of Czech utility CEZ in Romania have exceeded EUR2.2 billion, said Adrian Borotea, corporate affairs manager with CEZ Romania.
EBRD: Romania Needs A Better Business Climate, Speedier Privatizations
Stimulating investments and stepping up the privatization program should be among Romania’s top priorities in 2013, the European Bank for Reconstruction and Development said Wednesday.
Nuclearelectrica Shuts Down Reactor
Romanian energy producer Nuclearelectrica Wednesday shut down Unit 2 at its Cernavoda nuclear plant, following the unexpected activation of an automatic system, the company said in a stateme...
Energy Holding Oltenia Mulls IPO To Raise EUR400M
Romania’s newly established energy holding Oltenia plans to sell 15% of its shares in Bucharest next year to raise EUR400 million, a director with the holding said Wednesday.
Transelectrica Authorizes Construction Of 300MW Hydro-Plant
Romanian state-run power grid operator Transelectrica (TEL.RO) has authorized the construction of a 300 MW hydropower plant on artificial lake Izvorul Muntelui in Neamt county.