Energy
Franklin Templeton Buys Petrom Stock Every Day
The emerging market funds managed by Franklin Templeton are buying OMV Petrom (SNP.RO) shares every day, according to the reports of brokerage firms.
Dafora Inks Three Deals With Romgaz Worth RON20M
Romanian drilling company Dafora Medias (DAFR.RO) has signed three contracts with state-owned natural gas producer Romgaz for drilling and preparation works, worth a total 20 million lei (EU...
Oil Terminal Chairman Resigns After Less Than One Month On Board
Sorin Viorel Ciutureanu, chairman of the board of Romanian oil storage and shipment firm Oil Terminal (OIL.RO), has stepped down less than a month after being appointed and has been replaced...
Transelectrica Inks RON50M Financing Deal To Upgrade Unit
Romanian state-owned power grid operator Transelectrica (TEL.RO) Thursday said it has signed a financing agreement for up to 50 million lei (EUR11.6 million) to upgrade its Mintia power stat...
Economy Minister: Romania To Name Private Managers In Four State-Run Companies By July 25
Romania will appoint private managers in four state-run companies until July 25 at the latest, Economy Minister Daniel Chitoiu said Thursday.
Hidroelectrica Risked Insolvency Anyway – Economy Minister
Romanian state-owned power producer Hidroelectrica would have entered insolvency for further liquidation in a halfyear period, even if the measure had not been enforced for further restructu...
Transelectrica Says Financial Position ‘Solid’
Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday assured investors of its “solid” financials, saying it has the necessary funds to repay maturing debt.
Romania Targets Professional Managers To Run 47 State-Owned Companies
Romania’s Economy Ministry on Thursday said it set off procedures to select the consultants that will recruit professional managers to run 47 state-owned companies.
Energy Trader Makes Four Times More Money Than Hidroelectrica
While the Romanian state’s most valuable asset, Hidroelectrica, is insolvent, companies that buy energy at below market prices and sell it on make significant profits, ending up with turnove...