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S&P Ups Outlook On Rompetrol Group To Stable, Affirms ‘B’ Rating
Banks-Insurance

S&P Ups Outlook On Rompetrol Group To Stable, Affirms ‘B’ Rating

Standard & Poor’s Thursday said it has revised to stable from negative its outlook on Dutch-registered Rompetrol Group, following the upgrade of the group’s refinery Petromidia and in light...

Florentina Dragu · 25.10.2012 · 12:57 · 1 min
No Investments In Romania's Thermal Power Sector Unless Prices Rise
Energy

No Investments In Romania's Thermal Power Sector Unless Prices Rise

Romania’s thermal energy sector is facing a shortage of capital and new investments will only be encouraged if electricity prices increase significantly, a survey conducted at the request of...

Florentina Dragu · 24.10.2012 · 16:33 · 1 min
Siniat Romania To Start Construction On New Plasterboard Plant In 2013
Companies

Siniat Romania To Start Construction On New Plasterboard Plant In 2013

Siniat Romania, a unit of Belgian industrial group Etex, plans to launch in March 2013 the construction of a new plasterboard factory and estimates production will kick off in early 2015.

Florentina Dragu · 24.10.2012 · 14:59 · 1 min
Romania’s Cernavoda Nuke Project Completed After 2020 - Survey
Energy

Romania’s Cernavoda Nuke Project Completed After 2020 - Survey

Romania’s project to build two new reactors at the power plant in Cernavoda is unlikely to be completed before 2020, a survey conducted at the request of the National Prognosis Commission sh...

Florentina Dragu · 24.10.2012 · 14:11 · 1 min
GDF Suez’s RON250M Bond Issue Subscribed In Full
Capital Market

GDF Suez’s RON250M Bond Issue Subscribed In Full

Investors have fully subscribed the 250 million lei (EUR55 million) bond issue of natural gas distribution company GDF Suez Energy Romania, sources close to the transaction said. This means...

Oana Gavrila · 24.10.2012 · 08:15 · 2 min
Iberdrola Says Unable To Continue Wind Projects In Romania
Energy

Iberdrola Says Unable To Continue Wind Projects In Romania

Spanish utility Iberdrola said on Tuesday it was unable to continue its EUR2.5 billion wind power projects in Romania because of local partner Eolica Dobrogea.

Florentina Dragu · 23.10.2012 · 17:56 · 1 min
Hidroelectrica Mulls Selling EUR82M Worth Of Electricity
Energy

Hidroelectrica Mulls Selling EUR82M Worth Of Electricity

Romania’s insolvent energy producer Hidroelectrica plans to sell 1.7 terawatts of electricity on the local energy exchange OPCOM for a total of EUR82 million, according to OPCOM data.

Florentina Dragu · 23.10.2012 · 16:02 · 1 min
ANRE: Renewable Power Producers May Sell Electricity Outside OPCOM Exchange, For Now
Energy

ANRE: Renewable Power Producers May Sell Electricity Outside OPCOM Exchange, For Now

Renewable energy producers will receive temporary licenses to trade electricity in Romania outside of the regulated market OPCOM, the country’s watchdog in the field said Tuesday.

Florentina Dragu · 23.10.2012 · 13:37 · 1 min
Belgian Alinso Allocates EUR10M For Solar Power Project
Energy

Belgian Alinso Allocates EUR10M For Solar Power Project

Belgium’s Alinso Group, which together with businessman Petrica Usurelu developed business park West Park in Prahova county, entered the solar power market, a segment credited by specialists...

Tudor Ioana Raluca · 23.10.2012 · 00:00 · 3 min