Energy
Romania To Hike Gas Prices For Companies By 5% Come Jan 2012
The price of natural gas for industrial consumers will grow by another 5% starting January 2012, under an agreement concluded between the Government and the International Monetary Fund.
S&P Downgrades Transgaz To 'BB+'; Outlook Stable
Standard & Poor's Ratings Services on Wednesday said it lowered its local currency long-term corporate credit rating on Romanian natural gas transmission operator Transgaz Medias (TGN.RO) to...
Romania January-October Power Output +1.9% On Year
Romanian power output rose 1.9% on the year to 19.47 million tons of oil equivalent in the first ten months, fueled by higher production in most sectors, official data showed Wednesday.
Romanian Power Company Oltenia Gets The Go-Ahead
Romanian Economy Ministry Tuesday approved the merger of mining company Societatea Nationala a Lignitului Oltenia (SNLO) and energy producers Turceni, Craiova and Rovinari into a single powe...
Trihenea Leaves Hidroelectrica Helm For Personal Reasons
Romanian Economy Minister Ion Ariton told MEDIAFAX Tuesday that Constantin Trihenea, general manager of state-owned hydropower producer Hidroelectrica, resigned for personal reasons.
Government Assigns RON8M To Pay Severance To Laid Off Miners
Romania’s Government decided Tuesday to disburse an emergency aid of 8 million lei (EUR1.8 million) to pay severance to laid off coal miners, people close to the matter told MEDIAFAX.
SNLO To Lay Off 300 People By Yearend
Romanian state-owned mining company SNLO, one of the main coal suppliers for thermal power plants, will lay off 300 employees by the end of the year.
Top State-Run Companies Worth EUR4 Billion Less Than In 2008
Seventeen state-owned companies were included in this year's “Top 100 Most Valuable Companies in Romania”, three of which were new entries and the rest of them regulars in this ranking put t...
A Quarter Of Homes Have Boilers, Suppliers Await Heating Subsidy Cuts To Get New Clients
On the Romanian market, there are just 2 million boilers and 8.4 million homes, writes Business Construct in its December issue.