Energy
Economy Ministry Signs Financing Contracts Worth RON486M With 16 Firms
Romania’s Economy Ministry said Tuesday it signed 16 non-reimbursable financing contracts of 486 million lei (EUR106.3 million) between July 9 and July 27, within the EU-funded program incre...
Biogas Nord To Build Power Plant In Romania For EUR6.6M
German company Biogas Nord will build a 3 MW biogas-fueled power plant in Satu Mare county, northwestern Romania, in a EUR6.6 million investment.
Rompetrol To Drill Well In Foscani Block
Romania's second largest oil group Rompetrol will start drilling a well in the southeastern region of Foscani, in a geological prospecting investment of $27.5 million ($10 million in 2012 an...
OMV Petrom Ups Pump Prices By RON0.09/Liter
Romania's largest oil company OMV Petrom (SNP.RO) on Tuesday raised pump prices for gasoline and diesel oil by 0.09 lei (EUR0.0197) per liter, the third increase in July.
Economy Ministry State Secretary May Be Appointed Administrator Of Electrica
Economy Ministry secretary of state Gelu Stefan Diaconu will be appointed temporary administrator of Romanian state-owned power distributor Electrica, according to a memorandum included on t...
Another Member Of Oltchim's Board Resigns
Grigore Craciunescu resigned from the managing board of Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO), citing personal reasons.
Oltchim Appoints Economy Ministry Secretary As Board Chairman
Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO) appointed Rodin Traicu, secretary of state with Ministry of Economy, Commerce and Business Environment, as chairman and acting mem...
Economy Ministry Cancels Flawed Tenders Worth RON70M
Romania's Economy Ministry has cancelled four tenders held last year, with a total value of 70 million lei (EUR15.2 million) for mine closure works, arguing that the contracts were awarded "...
Vestas Installed EUR550M Worth Of Wind Turbines In Romania In Two Years
Vestas, the world's leading manufacturer of wind turbines, with almost EUR6 billion in revenue in 2011, has installed EUR550 million worth of wind turbines in Romania over the last two years...