Energy
Hidroelectrica's Relations With Banks Seen Improving
The banks are winning hundreds of million euros from financing state-owned hydropower producer Hidroelectrica and any attack against the company is seen as an attack against the Romanian sta...
Hidrolectrica To Gradually Lower Electricity Deliveries On Regulated Market
Romanian insolvent power producer Hidroelectrica will be able to gradually cut back deliveries on the regulated energy market starting with September 1, the company’s legal administrator Eur...
Hidroelectrica Won't Beat Insolvency Any Time Soon - Administrator
Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administra...
Alro Slatina’s Electricity Price From Hidroelectrica Set Based On Aluminum Quotation, OPCOM
Romanian aluminum smelter Alro Slatina (ALR.RO), the biggest electricity consumer on the local market, will buy electricity from state-owned hydropower producer Hidroelectrica at a price set...
Condmag 1H Turnover Up 23.3% To RON50.79M
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Monday reported a 23.3% increase in its first-half turnover to 50.79 million lei (EUR11.56 million).
Comelf Bistrita 1H Turnover Up 6.6% To RON74.3M
Romanian industrial equipment maker Comelf Bistrita (CMF. RO) on Monday said its first-half turnover rose 6.6% to 74.29 million lei (EUR16.9 million), compared with RON69.67 million in the s...
Electromagnetica 1H Turnover Down 13% To RON213.3M, Net Profit Up 11%
Romanian electric and electronic equipment maker Electromagnetica București (ELMA.RO) on Monday reported a 13% decline in turnover to 213.3 million lei (EUR48.6 million) and an 11% increase...
Mixed Results In The First Half For Bucharest-Listed Companies
Half of the 32 listed companies that have so far published their first-half financial results reported a higher turnover, while the other half had lower sales.
Finance Ministry Deems Negotiation With IMF Team Succesful
Romanian Finance Minister Florin Georgescu said Saturday the negotiation with International Monetary Fund, the European Commission and the World Bank for the sixth review of a EUR3.5 billion...