Energy
Some Seven Million Romanians To Pay Higher Electricity, Gas Bills Come 2013
Some 7-7.2 million household consumers, representing 83%-86% of the total, could pay higher prices for energy starting next year, once prices start deregulation, while only 14%-17% would rec...
Romania Faces Legal Action Over Energy Price Regulation
The European Commission has sent Romania, among others, reasoned opinions urging compliance with the legal obligation of liberalizing the electricity and natural gas markets, with a two-mont...
EUR25B Energy Market Discussed At Length In ZF Power Summit '12
Energy, an over EUR25 billion market, with more than 135,000 employees, will be discussed at length in the first edition of the ZF Power Summit ’12, an event organized by Ziarul Financiar th...
State-Owned Energy Companies Post Record-High Results
The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy comple...
MOL Reports 4% Rise In Romania Volumes For 2011
Hungarian oil group MOL on Friday reported a 4% increase in volumes sold in Romania in 2011, to 451,000 tons from 433,000 tons, while its market share rose by approximately one percentage po...
How Come Petrom’s Profit Margins Are Higher Than ExxonMobil And BP’s?
Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Pe...
Romgaz Net Profit Rises To RON762M In 2011
Romanian natural gas producer Romgaz Medias Thursday said its net profit rose 17% to approximately 762 million lei (roughly EUR180 million) in 2011, on higher sales.
Hidroelectrica Profit Slumps To RON15.7M In 2011, Hit By Drought
Romanian state-run hydropower generator Hidroelectrica Thursday said its net profit dropped to 15.7 million lei (EUR3.6 million) in 2011, from over RON292 million a year earlier, hit by dry...
Petrom Takes Steps To Ensure 70% Profit Growth In 2012: Hikes Diesel Price To RON6/Liter
One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline li...