Energy
Dafora 1Q Net Profit Hit By Lower Sales
Romanian drilling company Dafora Medias (DAFR.RO) Monday said its net profit dropped 63% on the year to 660,000 lei (EUR148,740) in the first quarter, as sales nearly halved to RON25 million...
Bucharest’s Transport Authority Willing To Buy Energy At Prices Higher Than On Power Exchange
Bucharest’s public transport authority RATB wants to buy EUR9 million worth of electricity at a price of 368 lei (EUR83) per MWh, 60%-70% higher than that of energy sold on the Romanian powe...
Monsson Sells 108 MW Wind Farm To Germany’s STEAG
Private Romanian wind energy company Monsson Group has sold a 108 megawatts wind farm project in southeastern county of Constanta to Germany’s electricity producer STEAG, it said Monday.
Transgaz 1Q Net Profit At RON173.5M, Down 11% On Year
Romanian national gas transport company Transgaz (TGN.RO) Monday reported a 11% decrease in its first quarter net profit to 173.5 million lei (almost EUR40 million), as sales inched down in...
Electromagnetica Reports 1Q Net Profit Of RON2.7M
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) on Monday reported a net profit of 2.7 million lei (EUR635,000) and turnover of RON115 million in the fi...
Transelectrica 1Q Net Profit Falls To RON43.6M
Romanian power grid operator Transelectrica (TEL.RO) Monday reported a first quarter net profit of 43.6 million lei (EUR10 million), much lower than RON160.8 million in the year-earlier peri...
Condmag 1Q Turnover Up 31% To RON15.2M, Loss Widens 58% To RON7.1M
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Monday reported a 31% increase in turnover to 15.2 million lei (EUR3.5 million) and a 58% rise in loss to RON7.1 million (EUR1.6 m...
Investors In Solar Energy Should Hurry If They Want High Subsidies
Solar energy was credited by many specialists as being the next energy boom after wind turbines had conquered almost the whole of Dobrogea (SE Romania).
PM Says Government To Rethink Royalties For Energy Resources By End-June
The Romanian Government will announce new royalty rates in the energy sector by the end of June, Prime Minister Victor Ponta said Sunday.