Energy
CEZ Romania Says Group Interested In Electrica Privatization
Czech energy group CEZ is interested in participating in the privatization process of the remaining distribution units of Romanian state-run power company Electrica, the head of CEZ Romania...
CEZ Romania: CFR Paid Off Its Debt; Late Payment Penalty Charges Waived
Power company CEZ Romania Tuesday said state-run rail company has paid off its debt of over 250 million lei (EUR54.76 million) accumulated over the past five years, but that it had to forgo...
Alro Says No Decision Made Yet On Cutting Production
Romanian aluminum smelter Alro Slatina (ALR.RO) Tuesday said it has not taken any steps to reduce production following a first inconclusive round of negotiations with electricity supplier Hi...
Former ANAF Head Faces 30-Day Travel Ban In Tax Evasion Case
Romanian anticorruption prosecutors on Tuesday issued a 30-day travel ban against Sorin Blejnar, former head of Romania's tax authority ANAF, who is investigated in a tax evasion case.
Romanian-Moldovan Gas Pipeline To Be Operational By End-2013
The pipeline linking the Romanian and Moldovan natural gas transport systems, between Iasi and Ungheni, will be operational by the end of next year, Romanian Prime Minister Victor Ponta and...
State-Run Companies Go From Losses Of EUR500M To Profits Of EUR300M
The turnovers of the 33 largest companies controlled by the Romanian state, whether they operate in energy, transport or natural resources, last year exceeded EUR10 billion.
Ukraine’s Naftogaz, Rompetrol Sign Cooperation Agreement
Ukrainian state-run oil and gas company Naftogaz Monday said it has signed a cooperation agreement with Romanian oil group Rompetrol with a view to set up a joint venture in Ukraine that wil...
Economy Ministry Co-Finances EUR10.2M Photovoltaic Energy Project
The Romanian Economy Ministry will co-finance a photovoltaic energy project in southern Romania, worth 46.4 million lei (EUR10.2 million).
Ariston Thermo Romania First-Half Sales Rise 9% On Year
Heating equipment maker Ariston Thermo Romania on Monday said its sales increased 9% on the year in the first half of 2012, in euros, due to positive sale results on all main groups of produ...