Energy
Romanian Miners Stage Protest Displeased With Wages, Work Conditions
Over 1,500 miners at the seven coal mines located in the Jiu Valley, southwestern Romania, staged a spontaneous protest Wednesday and refused to go down, while others barricaded themselves u...
Oltchim Keeps 840 Employees On Furlough Through February
Romanian chemical company Oltchim (OLT.RO) will keep 840 on furlough throughout February as well, continuing a measure taken over the past six months for lack of raw materials and working ca...
Brokers Can File Bids To Manage Hidroelectrica IPO
Romanian state-owned hydropower producer Hidroelectrica expects until March 1 bids from brokers willing to manage its listing on the Bucharest stock exchange, through a public offering of 10...
Basescu: Even I Would Be In Trouble If Gas Prices Were Deregulated Tomorrow
Romanian President Traian Basescu met Tuesday with officials from the IMF, World Bank and European Commission, and made it plain that even he would have difficulty paying his bills, were the...
Electrica To Sell 15% Stakes In Its Distribution Units
Romanian state-run power company Electrica SA will sell stakes of 15% in each of its distribution units on the Bucharest bourse and will hire legal advisers by mid-February, according to a d...
Cold Weather Drives Gas Consumption To Record High In Romania
Romanian natural gas consumption rose by 20% to a record 70 million cubic meters a day on average, due to extremely cold temperatures that have gripped the country over the past days, an off...
Green Energy Gets Over EUR95M Subsidies In 2011, 2012 Expectations At EUR300M
Producers of energy from renewable sources, such as wind, sun and water, last year collected over EUR95 million from green certificates received for the electricity delivered into the system...
OMV Petrom Increases Gas Imports Amid Freezing Weather
Romanian leading oil company OMV Petrom (SNP.RO) has increased natural gas imports to cover the growing demand on the local market due to below freezing temperatures, the company said Monday...
OPCOM: Day-Ahead Power Deals Hit All-Time Record Of 37,981 MWh
Electricity deals on the day-ahead platform of Romania’s energy market OPCOM rose to an all-time record of 37,981 megawatt per hour Monday, equal to 21% of the local consumption forecast for...