Energy
Transelectrica 2011 Profit Rises Tenfold Despite 4Q Loss
Romanian state-run power grid operator Transelectrica (TEL.RO) posted losses in the fourth quarter but finished 2011 with a 90.27 million lei (EUR21.3 million) net profit, tenfold higher on...
Western, Northern, Central Romania Under Yellow Code Alert For Snowfall
Romanian meteorologists issued a new yellow code advisory expecting heavy snowfall and blizzards in the western, northern and central regions of the country until Thursday evening.
Transgaz 2011 Net Profit Rises To RON392M
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday said its net profit rose 4.2% on the year to 392 million lei (EUR92.5 million) in 2011, on higher sales an...
Transelectrica Deputy GM Promoted As Company Head
Romanian Economy Minister Lucian Bode Tuesday appointed Octavian Lohan as the new general manager of state-run power grid operator Transelectrica (TEL.RO).
Petrolexportimport Swings To Profit In 2011
Romanian fuels wholesaler Petrolexportimport (PEI.RO) Tuesday said it has swung to net profit in 2011 versus losses a year earlier, helped by a 45% increase in sales.
Azomures 2011 Net Profit More Than Doubles To RON346M
Romanian chemical fertilizer maker Azomures (AZO.RO) Tuesday said its net profit more than doubled on the year to 346 million lei (EUR81.8 million) in 2010, fueled by a 35% increase in sales...
Oil Terminal Cuts Working Hours, Salaries
Management at Romanian state-owned harbor operator Oil Terminal (OIL.RO) decided to reduce working hours to four days per week, coupled with pay cuts, in order to cut costs.
Government Enacts Decision Stating Potential Electricity Crisis Measures
The Government on Tuesday approved the decision allowing power grid operator Transelectrica (TEL.RO) to temporarily halt electricity exports and limit industrial consumption in critical situ...
Economy Minister Sacks Head Of Transelectrica
Romania's Economy Minister Lucian Bode has dismissed Horia Hahaianu, general manager of state power grid operator Transelectrica (TEL.RO), on the request of Prime Minister Mihai Razvan Ungur...