Energy
E.ON Gaz Distributie To Invest RON30M In Gas Network C Romania
E.ON Gaz Distributie, a Romanian unit of German utility E.ON, plans to invest about 30 million lei (EUR6.72 million) by 2013, in upgrading the gas network in the central county Mures, the co...
ANRE: Hidroelectrica Will Operate During Insolvency, No License Withdrawn
Romania’s energy regulator ANRE Thursday said it will not cancel or withdraw any authorization or license held by state-owned hydropower producer Hidroelectrica, which entered insolvency Wed...
BRD VP: Failure Of T-Bill Auction May Be Linked To Hidroelectrica Insolvency
The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand...
Bucharest Court Approves Hidroelectrica's Insolvency
The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said.
Finance Ministry To Transfer Stake In Rompetrol Rafinare To Economy Ministry
Romania’s Finance Ministry will transfer its 44.7% stake in oil company Rompetrol Rafinare (RRC.RO) to the privatization unit of the Economy Ministry, according to an emergency ordinance app...
New Energy Strategy To Be Completed By End-July - State Secretary
The Romanian Economy Ministry secretary of state Rodin Traicu on Wednesday said the country’s new energy strategy will be completed by the end of July.
Hidroelectrica’s Insolvency May Raise Sovereign Risk Fears - Bancpost Official
The situation at hydropower producer Hidroelectrica may be regarded by foreign analysts as a warning that, since one of the largest state companies enters insolvency, Romania might witness m...
Oltchim's Chairman Resigns
Karoly Borbely, a former secretary of state with the Economy Ministry, resigned from the Board of Romanian state-owned chemical producer Oltchim (OLT.RO), which he chaired, citing personal r...
Moody's Cuts Hidroelectrica's Ratings By Four Notches To B2
Moody's Investors Service on Wednesday downgraded to B2 from Ba1 the long-term corporate family rating and probability of default rating of Romanian state-owned hydropower producer Hidroelec...