Energy
Sortilemn Completes EUR7M Investment In Cogeneration Plant
Sortilemn, a furniture maker based in Gherla (NW Romania) and one of the most important local suppliers of IKEA, has completed a 30 million lei (EUR6.6 million) project to build a cogenerati...
EBRD Lends EUR30M To Banca Transilvania For SMEs, Energy Projects
The European Bank for Reconstruction and Development has extended a EUR20 million loan to Romanian lender Banca Transilvania (TLV.RO) for on-lending to small- and medium-sized enterprises, E...
Swiss Capital-Led Consortium To Broker Nuclearelectrica IPO
Romania’s Economy Ministry Monday selected a consortium comprising Swiss Capital and BT Securities to assist with the sale of a 10% stake in state-owned energy producer Nuclearelectrica.
Indian Suzlon Group Enters Romanian Wind Energy Market
Indian wind turbine producer Suzlon has concluded a contract with P.E. DEUS EX to deliver eight wind turbines to Romania, the company said Monday in a statement.
OMV Petrom's Hydrocarbon Output Slightly Down In 3Q
The oil and gas production of OMV Petrom (SNP.RO), Romania’s largest company, fell slightly in the third quarter compared with the year-earlier period, according to a trading statement of OM...
Sterling Resources Sells Portion Of Black Sea Block To ExxonMobil And Petrom
Sterling Resources, an oil and gas company operating in the Black Sea, Friday said it has signed a sale and purchase agreement with ExxonMobil Exploration and Production Romania and OMV Petr...
GDF Suez Bonds: A Benchmark For Companies’ Current Funding Costs
The bond issue launched by natural gas distributor GDF Suez Energy Romania provides the first official indications as to the costs of leu-denominated financing for companies.
Adrem Invest Buys Swiss Company And Eyes 37% Higher Revenue
Romanian engineering company Adrem Invest on Thursday said it expects a 37% increase in turnover to 171.7 million lei (EUR37.4 million) in 2012.
Bucharest Court Rejects Appeal Against Hidroelectrica Insolvency
The Bucharest Court of Appeals on Thursday rejected a request to annul insolvency proceedings at Romania’s top energy producer Hidroelectrica.