Energy
Hidroelectrica Negotiates Price Hike In Bilateral Contracts
Romanian state-owned hydropower producer Hidroelectrica is negotiating direct sale contracts for a 20%-25% increase in delivery prices and a 10%-20% decrease in volumes delivered, the compan...
Raiffeisen Ups Romania Transgaz Target Price To RON265/Share
Raiffeisen Capital&Investment Thursday raised by 12% to 265 lei (EUR55.9) a share its 12-month target price on Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO), whil...
Romania Gas Consumption Hits New Record As Freezing Weather Set To Stay
Romanian natural gas consumption rose to yet another record of 72.7 million cubic meters a day Wednesday, from 71.5 million cubic meters in the previous day, while the freezing weather that...
Thermal Power Producer Rovinari Pays RON101M To Fix Installations
Romanian state-run thermal power producer Rovinari will assign a contract worth 101.4 million lei (EUR23.3 million) to repair damaged installations, the company said in a statement Thursday.
Dumitru Chisalita Named Interim GM At Romgaz
The Economy Ministry has appointed Dumitru Chisalita to act as the interim manager of state-run natural gas producer Romgaz Medias, after Marcel Piteiu was suspended pending an inquiry into...
Economy Ministry: Natural Gas Output At Full Capacity
Romanian natural gas consumption rose to a record 71.5 million cubic meters a day Tuesday, while companies are producing at full capacity to cover the increasing demand due to extremely cold...
Adrem Invest 2011 Sales Up 60% To RON120M
Romanian engineering company Adrem Invest Wednesday said its sales rose 60% to over 120 million lei (EUR27.5 million) in 2011, fueled by growing business opportunities.
GDF SUEZ To Build 48MW Wind Farm In Eastern Romania
Franco-Belgian power operator GDF Suez will build a 48-megawatt wind farm in Romanian eastern locality of Gemenele, the company said in a statement Wednesday.
PM Adviser Appointed Member Of Hidroelectrica Privatization Committee
Romanian Prime Minister Emil Boc Wednesday appointed his economic adviser Andreea Paul-Vass as member in the privatization committee of state-run hydropower generator Hidroelectrica.