Energy
Suceava Thermal Power Plant Asked To Produce Electricity
The heating company in northeastern Romanian city Suceava, Termica SA, is working at double capacity, because it has been asked to supply electricity, Suceava mayor Ion Lungu said Wednesday.
Transelectrica Seeks RON150M Credit As Buffer On Balancing Market
Romanian power grid operator Transelectrica (TEL.RO) on Wednesday announced it seeks a 150 million lei (EUR34.5 million) credit line to use as buffer for the payment of transactions in the b...
ANRE Says Electricity Exports Limited During Peak Consumption Hours
Romanian energy regulator ANRE president Iulius Plaveti said Wednesday electricity exports are limited during peak consumption hours, and added that households and industrial consumers will...
Retrasib 2011 Net Profit Dives To RON1.18M
Transformer maker Retrasib Sibiu (RTRA.RO) Wednesday reported a net profit of 1.18 million lei (EUR271,470) for 2011, compared to RON3.8 million in 2010.
Condmag 2011 Net Profit Hit By Lower Sales
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Wednesday said its net profit dropped to 0.8 million lei (EUR0.19 million) in 2011, from RON11.7 million a year earlier, on lower...
Romania To Sell 15% In Transelectrica In March - Broker
Romania plans to launch a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) early March, one of the brokers hired to help with the sale said Wednesday.
Oltchim 2011 Loss Widens To RON270M
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss widened 20.9% on the year to 270 million lei (EUR63.7 million) in 2011, despite higher sales.
Rompetrol Well Services Net Profit Rises To RON15.5M In 2011
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Wednesday said its net profit rose 7% to 15.5 million lei (EUR3.56 million) in 2011, from RON14.5 mi...
Dafora 2011 Net Profit Halves To RON3.8M
Romanian drilling company Dafora Medias (DAFR.RO) Wednesday said its net profit more than halved to 3.8 million lei (EUR0.87 million) in 2011, from RON8.1 million a year earlier.