Energy
SOCAR Opens New Gas Station In NE Romania
Azeri state-run oil company SOCAR on Monday opened a gas station in Suceava county, bringing its network in eastern Romania to 13 units.
Siemens Romania GM Joins Petrom’s Executive Board
Romania’s largest oil company Petrom (SNP.RO), part of Austrian group OMV, on Friday said Cristian Secosan, general manager of Siemens Romania, will become member of its Executive Board star...
Transelectrica Takes Another Non-Refundable Loan For Investments
Romanian state-owned power grid operator Transelectrica (TEL.RO) Thursday said it has signed a financing agreement for up to 50 million lei (EUR11 million) to upgrade its Tulcea Vest power s...
Irrigation Water To Cost 20% Less - Agriculture Minister
Irrigation water will cost 20% less starting Friday, as a result of cutting electricity prices for farmers, minister of Agriculture Daniel Constantin said in a press conference Thursday.
ArcelorMittal Says Deals With Hidroelectrica Perfectly Legal
ArcelorMittal Galati, a unit of steel giant ArcelorMittal, Thursday said its electricity contracts with Romanian state-run hydropower generator Hidroelectrica comply with the local legislati...
ANAF Must Pay Penalties Of RON6M To Refinery For Failing To Refund VAT
The Romanian High Court of Justice decided at the beginning of July that tax authority ANAF must pay interest of about 6 million lei (EUR1.3 million) to refinery Steaua Romana as penalty for...
Energy Sale Contract Renegotiation Between Hidroelectrica, Alro Yields No Result
The administrators of Romanian state-owned power producer Hidroelectrica and aluminum producer Alro Slatina (ALR.RO) on Tuesday failed to reach an agreement regarding a direct energy sale co...
Hidroelectrica Administrator: We Are Preparing For Force Majeure
Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drou...
EU Clears Temporary Free Greenhouse Allowances For Romania Power Plants
The European Commission has approved Romania’s request for a continued free allocation of EU Emissions Trading System allowances to its power sector between 2013 and 2019, Romanian Economy M...