Energy
Hidroelectrica Administrator: Bad Management Widespread In State-Owned Companies
Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by t...
Ameropa Holding Starts Delisting Azomures From Bucharest Bourse
Romania’s securities commission CNVM on Tuesday decided Swiss grain trader Ameropa Holding AG may delist Romanian fertilizer producer Azomures (AZO.RO) from the Bucharest bourse.
Vulcan Aims Bidding In New $200M Auction In Kuwait
Romanian steam generator maker Vulcan Bucuresti (VULC.RO) Tuesday said it aims to take part in a $200 million auction held by Kuwait Oil Company in November.
Hidroelectrica To Complete First Hydropower Production Group Within EUR50M Project
Romanian insolvent power producer Hidroelectrica on Tuesday said it will finalize the first hydropower production group within a more ample hydropower development project worth over EUR500 m...
Belgium's Electrawinds To Build 100 MW Wind Park In SE Romania
Belgian company Electrawinds will build a 100 MW wind power park in Harsova, Constanta county, its second such project on the Romanian market.
Oltenia Power Company May List 15% Stake - Economy Ministry
Romania's Oltenia power company may hike its share capital and list a 15% stake on the Bucharest Bourse, according to the Economy Ministry, the firm's majority stockholder.
Hidroelectrica Invested RON1B In Side Projects - Euro Insol
Hidroelectrica was forced to invest 926 million lei (EUR206,696 million) in projects that use electricity as secondary alternative, which worsened its economic status, says a report on the c...
Hidroelectrica's Oversized Staff - One Of The Causes Of Insolvency
Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency o...
Euro Insol: No More Bilateral Deals For Hidrolectrica
Selling cheap electricity to companies has cost Romania’s hydropower producer Hidroelectrica over EUR1 billion in revenues over the past six years, according to the legal administrator of th...