Energy
Romania Wants Cernavoda Nuke Project To Carry On With Current Investors
Romania’s Economy Ministry supports the continuation of the project to build a third and fourth reactor at the country’s sole nuclear power plant in Cernavoda and wants current investors kep...
OMV Petrom 3Q Net Profit Down 27% On Year To RON864M
Romania’s leading oil and gas producer OMV Petrom (SNP.RO) Wednesday reported a net profit of 864.5 million lei (EUR191.2 million), down 27% on the year, due to a lower financial result.
Oil Terminal Shareholders To Vote On Board Members Dismissal In December
The Managing Board of Romanian oil storage and shipment firm Oil Terminal (OIL.RO) on Tuesday convened a meeting of shareholders to vote on the dismissal of board members Anca Elena Marica a...
Prospectiuni Names Former Commercial Manager As President
Romanian geological surveys provider Prospectiuni Bucuresti (PRSN.RO) Monday said it named its former commercial manager Andrew Clark as company’s president, a newly-created position.
BRD Extends RON150M Revolving Loan To Transelectrica
Romanian state-run power grid operator Transelectrica (TEL.RO) contracted a revolving loan facility from BRD-Groupe Societe Generale (BRD.RO), with a 150 million lei (EUR33.1 million) ceilin...
Nuke Downtime Cuts Nuclearelectrica’s Profit By 16%
State-run Nuclearelectrica, one of the largest energy producers in Romania, recorded a slight turnover increase in the first nine months of the year against the similar period of last year,...
OPCOM Energy Market Sees Transactions Of EUR300M In 10 Months
Bilateral deals closed on the power exchange OPCOM reached EUR300 million between January to October, as much as the total for 2011, mainly fueled by an increased appetite for energy from tr...
Chitoiu: Oltchim Currently Operates At 30% Capacity
Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) currently operates at 25% to 30% capacity, and with 800 employees of a total of 2,600, Economy Minister Daniel Chitoiu said...
Thermal Power Plant CET Braila 9-Month Turnover Down 28%, At RON RON21.4M
Romania’s thermal power plant CET Braila (CETB.RO) posted a turnover of 21.4 million lei (EUR4.73 million) in January to September, down 28% from RON29.8 million during the same period a yea...