Energy
Transgaz Assigned Public Procurement Deals Worth RON300M In 2011
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) has awarded public procurement contracts worth 300.6 million lei (EUR69.2 million) in 2011, down 14.2% on the year,...
IMF Urges Romania To Privatize Main Thermal Power Producer
The International Monetary Fund has asked Romania’s Government to transfer thermal power producer Electrocentrale Bucuresti (ELCEN) to the Economy Ministry and begin privatization procedures...
Government Postpones Oltchim Privatization Until April 2012
The International Monetary Fund has agreed to a four-month extension until April 2012 of the privatization deadline of Romanian state-run chemical plant Oltchim (OLT.RO), the government said...
Govt Delays Selling Energy Companies Oltenia, Hunedoara Until End-2012
Romania and the International Monetary Fund have agreed to delay by six months until the end of 2012 the privatization of the country’s planned energy companies Oltenia and Hunedoara, accord...
Electrica To Transfer Supply Business To Electrica Furnizare
Romanian government has decided power company Electrica SA is to transfer its supply business to its unit Electrica Furnizare and to privatize the latter by end-October 2012, according to th...
Rompetrol Well Services Inks $800,000 Deals In Hungary, Bulgaria
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, has signed a series of well services deals worth over $800,000 in Hungary and Bulgaria, the company...
Romanian Hydropower Output Slumps Due To Prolonged Drought
A prolonged drought in Romania for the last six months has lowered the output of state-run hydropower generator Hidroelectrica to 6.6% of the country’s total production, from around 30% of t...
Oltchim Board To Discuss Rebound Solutions With PCC
The management of Romanian refinery Oltchim (OLT.RO) has agreed to meet with German minority shareholder PCC SE and discuss the latter’s proposed alternatives to mend the company’s financial...
Nuclearelectrica Appoints Interim GM - Sources
Romanian nuclear power plant operator Nuclearelectrica appointed development manager Dumitru Dina as interim general manager, after the resignation of Pompiliu Budulan, people close to the m...