Energy
Outcome Of A Decade Of Secrets: Direct Contracts Cost Hidroelectrica EUR1.5B In Lost Profits
In 2001, the newly incorporated Hidroelectrica, the cheapest electricity producer created by the reorganization of the Romanian energy system, signed its first direct contract to sell power,...
Transelectrica To Cover Network Losses Through OPCOM Deals
State-owned power grid operator Transelectrica (TEL.RO) on Monday announced it will no longer buy electricity at regulated prices when covering network losses, and it will turn to the OPCOM...
CNH Miners To Receive Gift Vouchers Of RON250 To RON400 For Easter
Miners of Romanian coal producer CNH will receive gift vouchers for Easter ranging from 250 lei (about EUR57) to RON400, following talks between trade unions and Economy Ministry officials.
Pay Hike Row Sparks Strike At Oil Terminal
Two thirds of the some 1,200 employees at Romanian harbor operator Oil Terminal Constanta (OIL.RO) went on general strike Monday morning, claiming pay hikes, according to union leaders.
Enel Green Power Romania Appoints New GM
Enel Green Power Romania, a subsidiary of Enel Green Power, on Monday announced the appointment of Francesco Lazzeri as general manager, replacing Carlo Pignoloni, whose three-year mandate e...
CNH Miners To Receive Gift Vouchers Worth RON300 For February
Miners of Romanian coal producer CNH will receive gift vouchers worth 300 lei (about EUR70) for February, which represent compensation stated in an addendum to the collective work contract,...
Basescu: I Severed All Ties With Petrom, Its Policy Is Unfair
Romanian President Traian Basescu on Sunday said he severed all ties with leading oil company OMV Petrom (SNP.RO) in protest over the profit the company registered during the crisis.
Economy Ministry, Coal Miners Find Solution To Break Deadlock
The Romanian Economy Ministry and unionists in the mining sector on Friday found common ground on ways to solve problems in the sector, the ministry said in a press release Friday.
Oltchim Trades Up 5% After EU Clears State Aid
The shares of Oltchim (OLT.RO) were up 4.9% in late trade Friday in Bucharest, after being suspended for six hours pending an announcement regarding the clearance of a state aid for the trou...