Energy
Romania To Raise Gas Prices By 10% To 12% Annually Until 2018
Gas prices for household consumers will increase by 10% both in 2013 and in 2014 and by 12% annually between 2015 and 2018, through quarterly adjustments, according to the calendar for dereg...
Romania To Raise Electricity Prices By 5% On July 1
Romania’s energy regulator ANRE said Friday electricity prices for all categories of consumers will increase by an average of 5% starting July 1st.
Rafo Seeks EUR330M Loan For Upgrades
Romanian oil refinery Rafo Onesti (RAF.RO) Friday reiterated a proposal to borrow EUR330 million from foreign creditors to upgrade installations.
OMV Petrom Sells LPG Unit To Crimbo Gas International
Romania’s largest oil company OMV Petrom (SNP.RO) said Friday it sold subsidiary Petrom LPG to Crimbo Gas International, exiting the liquid petroleum gas bottling and distribution market.
Economy Ministry Appoints Special Administrator At Hidroelectrica
Romanian Economy Ministry Thursday appointed Remus Vulpescu, the head of its privatization division, as special administrator of insolvent energy producer Hidrolectrica.
Moody’s Downgrades Hidrolectrica By Two More Notches, Withdraws Ratings
Moody's Investors Service Thursday downgraded to Caa1 from B2 the long-term corporate family rating and probability of default rating of Romanian hydropower generator Hidroelectrica, followi...
Alro Completes $15M Investments To Increase Energy Efficiency
Romanian Alro Slatina (ALR.RO), the largest aluminum producer in Central and Eastern Europe, completed investments of $15 million in the first five months of 2012 aimed to increase energy ef...
Government OKs Listing Of 15% Stake In Transgaz
The Romanian Government Wednesday approved the listing on Bucharest Stock Exchange of a 15% stake in state-run natural gas pipeline operator Transgaz Medias (TGN.RO).
Solar Power Investment Subsidy Unchanged Until 2014
The scheme granting six green certificates per each megawatt of solar power generated remains valid for the projects done by early 2014.