Energy
Fondul Proprietatea Presses Government To List Energy Companies, But Won’t List Its Own Assets
The manager of Fondul Proprietatea (FP.RO) has hired US investment bank Citigroup to find buyers for EUR527.6 million worth of shares it holds in 13 energy and natural gas distribution compa...
EUR27M Worth Of Green Certificates Issued In January
This year started in full gear for renewable energy producers, as they got almost EUR27 million in their accounts in January from the green certificates received for generating power using w...
Romania Is Wanted Dependent On Energy, President Basescu Says
Romanian President Traian Basescu said Wednesday in Parliament that certain interests wish to keep Romania dependent on energy, so local production needs to be increased to counter these int...
Moody’s Says Romania Transelectrica Ratings Hindered By Transparency
Moody’s Investors Service Wednesday said it might consider upgrading its ‘Baa3’ credit rating on Romanian state-run power grid operator Transelectrica (TEL.RO) if the company breaks free fro...
Basescu Urges Lawmakers To Look To Mining Projects To Create Jobs
Romanian President Traian Basescu told lawmakers Wednesday to pay more attention to job creation and look to profitable mining projects, adding it is not his job to discuss commercial detail...
Coal Miners Continue Protests For Third Consecutive Day
Over 3,000 miners at the seven coal mines located in the Jiu Valley, southwestern Romania, staged their third consecutive day of protests Wednesday, disgruntled that their problems were not...
Oltchim Names Karoly Borbely As New Board Chairman
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) has appointed Karoly Borbely as the new chairman of the board, the company said in a statement Wednesday.
Romania January Power Output Down 25% On Year
Romanian energy output dropped 24.9% on the year to 2.57 million tons of oil equivalent in January, largely due to falling production in the hydropower sector, official data showed Wednesday...
CNH Miners Laid Off In 2011 To Receive Last Tranche of Severance Staring March 7
Romanian Economy Minister Lucian Bode decided Tuesday national coal company CNH Petrosani will pay the third tranche of severance to laid off miners staring Wednesday, March 7.