Energy
Four Companies File Non-binding Bids For Oltchim Privatization
Russian energy producer TISE, Germany’s PCC SE, Pegamont Ploiesti and Aisa Invest Cluj have submitted non-binding offers for the privatization of Romanian state-run chemical producer Oltchim...
Hidroelectrica Tries To Woo Investors With Less Than EUR10M Profit Ahead Of Listing
Hidroelectrica, Romania’s largest energy producer budgeted 42.4 million (EUR9.7 million) net profit for this year, a five-fold increase on the profit of 2011, a really hard time for the comp...
Nuclearelectrica Profit Up 5 Times As Enel, CEZ, Electrica And E.ON Are Its Top Clients
Nuclearelectrica, the second-largest power producer in Romania after Hidroelectrica, with a market share of over 19%, posted five times higher net profit at the end of 2011 than in 2010. How...
Conpet Proposes Doubling Dividend In 2012
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Wednesday proposed paying out a gross dividend of 8.08 lei (EUR1.847) a share from its own reserves and the 2011 profit.
“Wise Guy” Deal Renegotiations Near Completion – Government Spokesman
Negotiations for the reevaluation of bilateral contracts concluded by state-owned power producer Hidroelectrica are nearing completion, and the result will be announced “soon after Easter”,...
Rompetrol Adds RON0.14 To Gasoline Pump Prices
Romanian Rompetrol Downstream on Tuesday increased pump priced for gasoline by 0.14 lei (EUR0.03) per liter, which means that one liter of Efix 95 costs RON5.94 and premium Alto 101 costs RO...
PCC Wants Updated Assessment Of Oltchim’s Debt To Romania
German PCC SE, a large shareholder in Romanian chemical company Oltchim (OLT.RO), has requested an updated assessment of the company’s public debt to the state privatization authority AVAS,...
New Power Producers Set To Emerge After Three Years Of Restructuring Plans
The energy market in Romania will include two new companies this fall, Complexul Energetic Oltenia and Complexul Energetic Hunedoara. The two are what is left of the reorganization plans tha...
GDF SUEZ Energy Romania's Chairman Named As CEO
GDF SUEZ Energy Romania, a subsidiary of French utility GDF SUEZ, Monday announced the appointment of its chairman, Eric Stab, as chief executive officer.