Energy
Oil Terminal Board Chairman Steps Down
Andrei Todea, chairman of the board of Romanian oil storage and shipment firm Oil Terminal (OIL.RO), has stepped down and has been replaced in an acting capacity with Sorin Viorel Ciutureanu...
Companies May Access RON240M For Energy Efficiency Projects
Romanian companies operating in the extractive and processing industries will be able to access structural and state budget funds amounting to 240 million lei (EUR53.7 million) for energy ef...
Dimofte, Popoviciu, Bonte Collect Largest Dividends From RASDAQ Market
Companies on the RASDAQ market are paying dividends of over 137 million lei (around EUR30 million) this year, with the largest amounts to end up in the accounts of local businesspeople, who...
Romania’s Stake In Rompetrol Transferred To Economy Ministry
Romania’s Finance Ministry plans to transfer its 44.7% stake in oil refinery Rompetrol Rafinare (RRC.RO) to the privatization division of the Economy Ministry, according to a government draf...
Government: Privatization Of Power Plants To Continue
The Romanian government has pledged to continue a key privatization program in the energy sector agreed with the International Monetary Fund by selling majority stakes in four new power comp...
Government Sets Up Committee For In-Depth Financial Evaluation Of Hidroelectrica
Romania’s Government has set up a committee tasked with evaluating the economic and financial status of state-run hydropower generator Hidroelectrica.
Romania January-April Power Output Down 16.3% On Year
Romanian energy output fell 16.3% on the year to 10.88 million tons of oil equivalent in the first four months, due to declining production in the hydropower sector, official data showed Fri...
Four New Wind Farms Worth Over EUR230M Launched In 2012
Romania had fifteen wind farms worth more than EUR1.7 billion operational at the beginning of June. Four of the fifteen farms, whose total capacity stands at about 1,165 MW, more than a Cern...
Ponta Replaces Head Of Energy Regulator
Dan Iulius Plaveti has been recalled as president of Romania's National Energy Regulations Authority, by order of Prime Minister Victor Ponta, and replaced with Niculae Havrilet, former head...