Energy
Romania To Sell 10% In Hidroelectrica Four Months After Restructuring
Romania's government plans to launch an initial public offering for a 10% stake in state-run hydropower producer Hidrolectrica within four months after the company exits insolvency.
Oltchim Names New General Manager
Romanian state-run chemical company Oltchim SA (OLT.RO) has appointed Mihai Balan as its new general manager, just one day after the government has failed to complete the sale of a 54.8% sta...
Basescu Passes Law Regulating Functioning Of ANRE
Romania’s President Traian Basescu on Tuesday passed the law regulating the functioning of energy regulator ANRE, according to the Presidency.
Verbund: Romania Doesn’t Offer Best Conditions For Renewable Energy Investments
Romania does not currently offer the best conditions for investments in renewable energy, due to delays of state-owned companies in building energy production units and political instability...
Premier: Romania Acknowledges Annulment Of Oltchim Bid, Sale Failure
The Romanian Government acknowledged the annulment of the auction regarding the sale of the state-owned stake in chemical plant Oltchim Ramnicu Valcea (OLT.RO) and the failure of the privati...
Romania To Put Oltchim Under Voluntary Liquidation Unless Sale Succeeds
The Romanian Government pledged to put chemical company Oltchim (OLT.RO) under voluntary liquidation unless the privatization succeeds in the agreement with the International Monetary Fund.
Most Profitable Companies In Romania
The 300 most profitable companies in Romania last year had a cumulated profit of 25 billion lei (EUR5.86 billion), i.e. almost 40% of the total profit recorded by all companies in Romania –...
Conpet Mulls Transferring Shares To Bucharest Exchange
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) has approved a proposal to transfer its shares to the first tier of the Bucharest Stock Exchange from the Rasdaq market, the comp...
Sales Of Domestic Solar Water Heaters Down Despite Market Potential
Sales of residential solar panels went down by as much as 20% in the first half of 2012, the worst affected being the cheaper systems.