Energy
CEZ Distributie To Upgrade Craiova Transformer Station For EUR5.7M
CEZ Distributie, part of Czech utilities group CEZ, will invest EUR5.7 million to upgrade the largest transformer station in Craiova, southern Romania.
IMF Ties Romania Loan Installment Approval To Strategic Measures
The International Monetary Fund Tuesday said its approval of the latest quarterly review of Romania’s progress under a multilateral loan program is conditional upon the implementation of fou...
Petrolexportimport 1H Revenue Down 11% To RON202.2M
Romanian fuels wholesaler Petrolexportimport Bucuresti (PEI. RO) on Tuesday said its first-half revenues fell 11% on the year to 202.2 million lei (EUR46 million), but the company made a pro...
Transelectrica Net Profit Falls To RON22.6M In 1H
Romanian state-run power grid operator Transelectrica (TEL.RO) Tuesday said its net profit dropped 87.4% on the year to 22.58 million lei (EUR4.98 million) in the first half, hit by higher c...
MOL Sales Volume In Romania Up 5% On Year In First Half
Hungarian oil company MOL Tuesday said its fuel sales volume on the Romanian market rose 5% to 220,000 tons in the first half, from 208,000 tons in the year-earlier period.
IMF: Romanian Households To Pay 5% More For Natural Gas As Of September
Romanian natural gas prices will increase by 5% for household consumers and by 10% for non-residential clients as of September, an official of the International Monetary Fund said Tuesday.
Transgaz 1H Net Profit Down 18% To RON210.3M
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Tuesday said its net profit fell 17.6% on the year to 210.3 million lei (EUR48 million) in the first half, due to hi...
Conpet Net Profit Down 12.3% To RON20.5M In Jan-June
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Monday said its first-half net profit dropped 12.3% to 20.5 million lei (EUR4.52 million), from RON23.4 million in the same perio...
Oltchim 1H Loss More Than Doubles To RON188.2M
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Monday said its net loss more than doubled on the year to 188.23 million lei (EUR41.54 million) in the first half, hu...