Energy
Monsson Group To Invest EUR250M In SE Romania Wind Farm
Wind farm developer Monsson Group, owned by businessman Emanuel Muntmark, will invest some EUR250 million in the construction of a wind farm in southeast Romania.
CNH Stops Coal Deliveries To Paroseni Citing Unsustainable Price
Romanian state-owned mining company CNH on Monday ceased coal deliveries to the Paroseni thermal power producer, saying it can no longer function with the current prices.
Electrica Threatens Blackout At Oltchim, Over Unpaid Bills
Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the...
Banking Giants Bid To Broker Romanian Romgaz IPO
Three consortia including large financial groups - JP Morgan, Goldman Sachs and Citibank - as well as local brokerage firms, Monday filed bids to broker the listing of gas producer Romgaz, R...
51 Solar Energy Projects Reach Construction Stage. How Many Will Become Operational This Year?
Solar energy projects have caught speed on the Romanian market, with 51 such projects currently under construction, which entail investments of around EUR500 million, according to data of tr...
Oil Companies Start Year With Consecutive Fuel Price Hikes
Since the beginning of the year, namely in less than two weeks, gasoline and diesel fuel prices have grown by 3%, with the latest increase operated by OMV Petrom (SNP.RO), the largest compan...
French Filasa Buys Wind Farm Projects For 400 MW In E Romania
French group Filasa International bought three wind farm projects in eastern Romania, with a total projected capacity of more than 400 MW, according to law firm Popovici Nitu & Asociatii, wh...
Would Shutting Down Alro Make Sense?
Statements by unionists at aluminum refinery Alro Slatina (ALR.RO) of a potential shutdown of the unit caused the company's stocks to drop almost 10% on the bourse. Management declined to co...
JP Morgan, Goldman Sachs To File Bids To Broker Romgaz IPO - Sources
Three consortia including US banking corporations JP Morgan, Goldman Sachs and Citibank will submit offers to broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources...