Energy
Government Might Transfer Cupru Min Shares To Local Authorities To Attract EU Funds
Romania’s Government is looking into transferring shares in copper producer Cupru Min to the Alba county council, which will attract European funds for environment investments within the com...
Rompetrol Rafinare 1Q Loss Widens To $62.7M
Romanian oil company Rompetrol Rafinare (RRC.RO), part of The Rompetrol Group, Friday reported a first-quarter net loss of $62.7 million, much larger than $11.3 million in the year-earlier p...
Uztel 1Q Loss Narrows To RON1.1M
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Friday said its loss more than halved to 1.1 million lei (EUR0.25 million) in the first quarter, helped by higher sales.
Oil Terminal Switches To RON1.1M Loss In 1Q
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Friday said it has switched to a loss of 1.1 million lei (EUR0.25 million) in the first quarter, versus profit a year earlier, hi...
Rompetrol Well Services 1Q Net Profit Slides 6% On Year
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Friday said its net profit fell 6% on the year to 3.2 million lei (EUR0.72 million) in the first qua...
First Quarter Review: Consumption, Drugs And Mall Sales Up, Energy And Beer Sales Down
The start of the year came with different signals from the main sectors of Romania's economy, so a clear trend cannot be outlined for the first quarter of the year, according to data release...
Retrasib Turnover Down Slightly In 1Q 2012
Romanian transformer maker Retrasib Sibiu (RTRA.RO) reported turnover down 5% in the first quarter of 2012, to 7.5 million lei (EUR1.7 million), with profit up 17% to RON209,000 (EUR48,000).
Conpet 1Q Net Profit Up 3% To RON11.4M
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Thursday said its first-quarter net profit rose 3% to 11.4 million lei (EUR2.6 million), as costs declined faster than revenues.
CE Rovinari Selects China Huadian Engineering For EUR800M Project
Romanian state-owned thermal power producer CE Rovinari has accepted a bid from China Huadian Engineering for the construction of a power plant for EUR800 million, but if negotiations fail,...