Energy
Rompetrol Well Services Proposes RON0.029 Dividend
Rompetrol Well Services (PTR.RO), the rig services division of oil group Rompetrol, on Thursday proposed a gross dividend of 0.029 lei (EUR0.0066) for 2011, compared to RON0.015 dividend pai...
Swiss Ameropa Completes Takeover Of Azomures
Swiss grain trader Ameropa Holding AG, through its Pelican Fertilizer units, has completed the acquisition of Romanian fertilizer producer Azomures (AZO.RO).
Almost Half Of Romania's Priority EU-Funded Projects Stuck In First Stages Of Execution
Almost half of the EU-funded projects given priority by Romania's Government have seen insignificant progress in the first two months of the year, with some standing at 0.5% completion or no...
ArcelorMittal Galati Cancels Order To Buy Energy On Lack Of Offers
ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, has cancelled an order to purchase 3.15 million megawatt hour of electricity on the Romanian power exchange OPCO...
Employees To Have Access To Electrica Stock By Yearend
Employees of Romanian power producer Electrica SA will be able to buy stock in the company’s privatized units by the end of this year, within a process that has been postponed since 2005, ec...
Nabucco Pipeline Project Remains Priority For Romania, Bode Says
Romanian Economy Minister Lucian Bode said the Nabucco pipeline project remains a priority investment for the country, regardless of the project’s final layout.
Bode: Energy Price Deregulation To Start In September
The gradual removal of electricity price regulation will only involve one stage for this year, as the market is 15% deregulated for industrial consumers in September, according to Economy Mi...
Economy Ministry Radicalizes Stance On “Wise Guy” Deals In Energy
Authorities will terminate the bilateral contracts concluded by Romanian state-owned hydropower producer Hidroelectrica with the so-called “wise guys”, if the energy buyers refuse new terms,...
New Energy Bill Introduces Criteria For ANRE Members, Deregulation And Smart Meters
The bill on electricity and the organization and operation of the energy market watchdog, ANRE, approved by the government at the end of last week and sent to the Parliament, includes some n...