Energy
Local Heating Company Chief Arrested For Abuse Of Office, Blackmail
Simion Adrian Nikitas, head of thermal power distributor SC Callatis Therm SA, in southeastern town of Mangalia, was taken into custody for 15 days on charges of abuse of office and blackmai...
Constructor Bog’Art Wants To Build Wind Farms, Tap African Markets
Romanian constructor Bog’Art, owned by businessman Raul Doicescu, has over the years built some of the top office projects in Bucharest and plans to take on building wind farms and enter the...
Electromagnetica 2011 Net Profit Halves To RON13M
Electromagnetica Bucuresti (ELMA.RO) on Wednesday reported a 50.7% reduction in its net profit for 2011, to 12.94 million lei (EUR), from RON26.27 million.
Mechel Targoviste 2011 Loss Shrinks 14% To RON133.4M
Steel processor Mechel Targoviste (COS.RO) reported a 14% year-on-year decrease in its loss for 2011, to 133.4 million lei (EUR), from RON155.1 million.
Alro Slatina 2011 Net Profit Up 44% On Year, To RON230M
Aluminum maker Alro Slatina (ALR.RO) reported a net profit of 230.05 million lei (EUR54.2 million) for 2011, up 43.9% from RON159.78 million in the previous year.
Rompetrol Rafinare Net Loss Widens 27% To $252.5M In 2011
Rompetrol Rafinare (RRC.RO) on Wednesday reported a consolidated turnover of $4.812 billion, up 35% on the year, while its net loss widened by some 27%, to $252.5 million.
Romania Considers Terminating Hidroelectrica Bilateral Contracts, After Failed Negotiations
Romania's Economy Ministry has failed to reach an agreement with the beneficiaries of the bilateral contracts signed with state hydropower producer Hidroelectrica, and has called in the Just...
OMV Petrom Indicted In 2010 Explosion Case
Romanian leading oil company OMV Petrom (SNP.RO) has been indicted by prosecutors in a case regarding the severe injury of two people in a blast that took place in December 2010.
Romania’s Electricity Consumption At 10-Year Peak In February
Romania’s average electricity consumption reached a ten-year peak in February, according to Octavian Lohan, chief executive officer of state-owned power grid operator Transelectrica (TEL.RO)...