Energy
Lybek: Romania Must Draw Up Healthcare Bill By End-June
Romanian authorities must draw up a bill on reforming the healthcare sector by the end of June, Tonny Lybek, International Monetary Fund resident representative in Romania and Bulgaria, said...
Wind Power Accounts For 2% Of Energy Generated In 2011
For the first time in over two years since people started talking about the wind power boom, the windmills made their presence felt in 2011, generating 2% of the total energy produced in Rom...
Transelectrica Expects Profit To Fall 55.6% On Year In 2012
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates its net profit will fall 55.6% to 40 million lei (EUR9.1 million) in 2012, from RON90.2 million a year earlier.
Over 55% Of Romania Transelectrica SPO Subscribed In 9 Days
Romania’s secondary offering of a 15% stake in state-run power grid operator Transelectrica (TEL.RO) has attracted bids amounting to 55.12% of the shares in the first nine days.
Moody’s Lowers Hidrolectrica Outlook To Negative
Moody's Investors Service Monday said it has changed to negative from stable the outlook on the Ba1 long-term corporate family rating of Romanian hydropower generator Hidroelectrica S.A., wa...
OMV Petrom Eyes RON3.78B Net Profit In 2012
Romanian leading oil company OMV Petrom (SNP.RO) Tuesday estimated its net profit will rise to a new record high of 3.784 billion lei (EUR867.8 million) in 2012, despite slightly lower sales...
Transgaz Revises Financial Results For 2011. Profit Down 3% From Preliminary Figure
Romanian state-owned gas transporter Transgaz (TGN.RO) on Monday announced its net profit stood at 379.5 million lei (EUR89.5 million) in 2011, down 3.2% from RON392 million it estimated bac...
Head Of Rompetrol Packs His Bags. What Does He Leave Behind?
Rompetrol, the second-largest player on the Romanian oil market, is preparing for major changes, as the $6.8 billion (EUR4.5 billion) business awaits a new CEO, who will also come from Astan...
Petrom To Pay Almost Half Of 2011 Profit As Dividend
Romanian dominant oil company OMV Petrom (SNP.RO) Friday proposed paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year.