Energy
Fomco Solar Systems Opens Photovoltaic Park In Central Romania, After EUR4.5M Investment
Romania’s Fomco Solar Systems opened Friday the first photovoltaic park in the central county of Mures, in a EUR4.5 million investment.
Oltchim Employees Receive Half-Wage, Meal Vouchers For August
The employees of Oltchim Ramnicu Valcea received Friday half of their back wages as well as their meal vouchers for August, according to acting trade union leader Corneliu Cernev.
Dafora To Carry Out $15.8M Oil Drilling Works In Israel
Romanian drilling company Dafora Medias (DAFR.RO) on Thursday said it will carry out oil drilling works of $15.8 million in Israel for the company Givot Olam Oil, based on a contract that ca...
Romania To Set Transgaz Shares Price For Institutional Investors Based On Subscriptions
The shares price in state-run natural gas pipeline operator Transgaz Medias (TGN.RO) that Romania aims to sell to institutional investors will be settled based on subscriptions that must tou...
Prospectiuni Bucuresti To Open Subsidiary In Mauritius
The shareholders of Romanian geological surveys provider Prospectiuni Bucuresti (PRSN.RO) Wednesday approved the opening of a subsidiary in Mauritius, and decided to contract a credit line o...
Romania Should Also Support Conventional Energy Investments
Romanian authorities should stimulate the production of energy from conventional resources just as much as they support renewable energy projects, because the latter cannot guarantee a conti...
Romanian Government Grants Social Aid To 522 Oltchim Workers
Romania’s Government decided Wednesday to grant social aid to 522 employees of debt-mired chemical plant Oltchim Ramnicu Valcea (OLT.RO), who don’t own multiple homes or land, and whose aver...
CEZ Sees Slim Chances Of Energy Exports From Romania
The absence of a coherent government strategy and zero investments in energy have undermined Romania’s potential as an exporter of electricity, the head of power company CEZ Romania said Wed...
Government Finds Solution To Transfer Money To Oltchim, Avoid Fund Blocking - Sources
Romania’s Government is considering setting up a firm to transfer money to chemical plant Oltchim Ramnicu Valcea (OLT.RO) to pay overdue wages and restart activity, people close to the matte...