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Six People Injured In Blast At Petrobrazi Refinery
Energy

Six People Injured In Blast At Petrobrazi Refinery

Six people have been injured Friday in an explosion at the Petrobrazi refinery in Prahova county, southern Romania.

Ioana Tudor · 06.04.2012 · 18:38 · 1 min
Nuclearelectrica Shuts Down Reactor For Repairs
Energy

Nuclearelectrica Shuts Down Reactor For Repairs

Romanian nuclear power plant operator Nuclearelectrica Friday shut down one of its two reactors due to a technical malfunction in the cooling system.

Bogdan Neagu · 06.04.2012 · 16:42 · 1 min
Bode: Romania, IMF To Revisit List Of Companies Up For Privatization
Capital Market

Bode: Romania, IMF To Revisit List Of Companies Up For Privatization

Romania and the International Monetary Fund will hold a new round of talks regarding the state companies proposed for privatization or listing on the Bucharest Stock Exchange, Economy Minist...

Florentina Dragu · 06.04.2012 · 13:30 · 1 min
Macroeconomics

Romania's Power Output Down 21% On Year In First 2 Months

Romanian energy output fell 21.1% on the year to 5.1 million tons of oil equivalent in the first two months, hit by falling production in the hydropower sector, official data showed Friday.

Florentina Dragu · 06.04.2012 · 10:01 · 1 min
Romania Could Hike Gas, Energy Royalties Or Taxes - Sources
Energy

Romania Could Hike Gas, Energy Royalties Or Taxes - Sources

The Romanian authorities are contemplating raising oil and natural gas royalties or increasing the taxes levied on gas and power producers once the administered prices are deregulated, gover...

Florentina Dragu · 05.04.2012 · 20:25 · 1 min
Azomures Needs Eco-Investment Worth EUR170M By 2015
Energy

Azomures Needs Eco-Investment Worth EUR170M By 2015

Romanian fertilizer maker Azomures (AZO.RO) needs to unfold environment investment worth EUR170 million by the end of 2015, according to the new environment permit received from local author...

Andrei Cîrchelan · 05.04.2012 · 16:26 · 1 min
Romanian PM Says Cupru Min Simply Unprofitable
Companies

Romanian PM Says Cupru Min Simply Unprofitable

Romanian Prime Minister Mihai Ungureanu Thursday said the government had to sell the copper producer Cupru Min because the company wasn’t profitable and turning it around would have entailed...

Florentina Dragu · 05.04.2012 · 16:08 · 2 min
Bioromoil Sees 2012 Sales Up 30% To $230M
Energy

Bioromoil Sees 2012 Sales Up 30% To $230M

Romanian group Bioromoil, owned by businessman Vladislav Chetrar, expects sales to reach some $230 million this year, up 30% from $166 million in 2010, according to the group’s retail head,...

Andrei Cîrchelan · 05.04.2012 · 15:32 · 1 min
Romania Keeps Focus On Nuclear Energy
Energy

Romania Keeps Focus On Nuclear Energy

Romania will continue its nuclear energy strategy, but there might be some important changes in the near future, and the government needs to consider issuing state guarantees for the funding...

Andrei Cîrchelan · 05.04.2012 · 14:35 · 1 min