Energy
E&Y: Romania 13th Most Attractive Country For Investments In Renewables
Romania is the world’s 13th most attractive country for investments in renewable energy, according to a research conducted by consultancy firm Ernst&Young (E&Y).
Bucharest Court Acquits Patriciu In Rompetrol Case
The Bucharest Court on Tuesday acquitted businessman Dinu Patriciu in a case involving Romania's second largest oil group Rompetrol (RRC.RO), in which 12 people are accused of fraud, includi...
Selgros Installs First Rooftop Solar Farm, More To Follow
Selgros Cash&Carry, one of the top ten companies in local trade, is taking the first step towards electrical power generation, after having decided to install a rooftop solar farm at one of...
Iproeb Bistrita Revenues Drop 20% In 1H To RON45.7M, Net Profit Fells Ten Times
Romanian cable maker Iproeb Bistrita (IPRU.RO) said Monday its revenues dropped 20% in the first semester, to 45.7 million lei (EUR10.2 million) from RON57.6 million in the similar interval...
Oltchim Auction Put Off To September 18
Romania’s government has delayed until September 18 a sealed-bid auction for the privatization of state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), the state’s privatization office...
Remote Villages To Be Electrified By 2016, Costs Estimated At Over RON1B
Romania’s rural electrification program, targeting to provide electricity to households in 2,240 remote villages, will be carried out between 2012 and 2016 and will entail investments of ove...
Oltchim Drops Plan To Put Employees On Furlough
The management board of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) on Friday decided to abandon its plan to put 506 employees on furlough for a month, the company said in a stat...
Electrica To Select Advisors For Units Sale By October 1
Romanian state-run power company Electrica SA will select advisors for the privatization of its units Electrica Furnizare and Electrica Serv on September 25 and October 1, respectively, the...
Oltchim's Decision To Put Over 500 Employees On Furlough Sparks Protests
Some 250 employees of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) protested in Pitesti Friday over the company’s decision to put 506 employees on furlough between August 27 and S...