Energy
Martifer Plans To Harvest Solar Energy In Romania
Portugal’s industrial group Martifer Wednesday announced plans to produce photovoltaic energy in Romania, through its subsidiary Martifer Solar.
Azomures Expects 2012 Profit To Fall On Higher Costs
Romanian chemical fertilizer maker Azomures (AZO.RO) estimates its net profit will fall to 143.7 million lei (EUR32.6 million) in 2012, from RON365.1 million a year earlier, largely due to h...
Dobrogea Could Become Romania’s New Energy Hub, But Oltenia Is Major Contender
Dobrogea could become Romania’s new energy hub, as the battle for a spot in south-eastern Romania is fought with higher budgets than the entire energy market’s worth, combined with the lates...
Armax Gaz 2011 Turnover Fell 15% To RON81.3M
Romanian oil and gas equipment maker Armax Gaz (ARAX.RO) on Monday reported a turnover of RON81.3 million lei (EUR18.8 million) in 2011, down 15% on the year, and a net profit of RON2.3 mill...
Vulcan To Borrow Up To RON200M For Investments
Romanian steam generator maker Vulcan Bucuresti (VULC.RO) plans to borrow up to 200 million lei (EUR45 million) from lender BCR to finance investments and refinance existing debt, the compan...
Oltchim Hopes To Break Even In FY 2012
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses.
Conpet Pays RON2.5/Share Dividend For 2011
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Monday approved paying out a gross dividend of 2.5 lei (EUR0.568) a share from the 2011 profit, well below the RON8.08 a share di...
Renewable Energy Producers Get In Three Months As Much Money As In Whole 2011
Renewable energy generators are headed for their best year ever on the local market, because the amounts collected in first three months of 2012, under the support scheme provided by the Rom...
Chevron Romania: Banning Shale Gas Drilling Means Having A Better Alternative
US oil group Chevron is allowed for a 30-year period to explore, develop and drill for shale gas on three Black Sea blocks, according to the agreements sealed between the Romanian state and...