Energy
Ameropa Holding To Pay RON41M To Azomures Minority Shareholders
Swiss grain trader Ameropa Holding is set to pay 40.8 million lei (EUR9.09 million) for the stakes held by minority shareholders in Romanian fertilizer producer Azomures (AZO.RO), before del...
Oltchim To Be Privatized Through Sale Of State's Stake And Debts
Romania's Government has changed the privatization strategy for chemical producer Oltchim to a combined sale of the state's stake of 54.6% and the receivables held by privatization authority...
Hidroelectrica Moves Forward With EUR6.5B Investment Plan
Romanian insolvent power producer Hidrolectrica will not abandon its projects included in a EUR6.5 billion investment plan due for completion in 2025, but will prioritize its investments, th...
Oltchim To Put 506 Employees On Furlough Until September 30
Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will put 506 employees on furlough between August 27 and September 30, because of the lack of working capital needed to restart petroc...
Romania Will Amend Corporate Governance Law To Speed Up Appointment Of Private Managers
Romania’s Government wants to amend the corporate governance law so professional managers at state-owned companies will be appointed within at most nine months, as well as set a list of thre...
E.ON Moldova Upgrades 26 Transformers For RON44.3M
Romanian energy firm E.ON Moldova, a unit of Germany’s utility E.ON, will invest 44.3 million lei (some EUR10 million) to upgrade 26 transformer stations of its local network, the company sa...
Romgaz IPO Delayed Until March 2013
Romania will delay an initial public offering of a 15% stake in natural gas producer Romgaz Medias until March 2013 so that the company’s gas holdings may be assessed by a consultant, the go...
Romania To Appoint Private Managers At Key State-Owned Companies By Yearend
Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transp...
Romanian Gas, Electricity Companies To Pay New Tax On Revenue As Of 2013
Romania’s planned tax on extraordinary revenues in the natural gas and electricity market will be implemented as of January 2013, according to the country’s latest memorandum of economic and...