Energy
Romanian Fuel Market Antitrust Probe Nears Completion
Romania’s competition authorities have partially completed an antitrust investigation launched in 2005 on the fuel market, regarding the prices applied by oil companies, Competition Council...
Transgaz SPO Brokerage Auction Takes Bids Until Dec 8
Romania’s Economy Ministry on Wednesday announced that bids will be accepted until December 8 on the brokerage of the operation where an additional 15% stake in Transgaz (TGN.RO) will be lis...
Competition Council Probes OMV Petrom's Withdrawal Of Gasoline Product
Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasol...
How Energy Holding Urged The Chamber Of Commerce To Cancel Hidroelectrica's Force Majeure Notice
Seven companies asked for the annulment of the force majeure notices issued in September by Romania’s Chamber of Commerce and Industry (CCIR), but only Energy Holding, assisted by law firm T...
Foraj Sonde Craiova 9-Month Net Profit Rises 7-Fold To RON7M
Romanian oil and gas services company Foraj Sonde Craiova (FOSB.RO) Tuesday reported net profit of 6.9 million lei (EUR1.58 million) in the first nine months, nearly sevenfold higher on the...
Amonil Switches To RON16M Loss In Jan-Sep
Romanian fertilizer maker Amonil Slobozia (AMO.RO) Tuesday said it has switched to a loss of 16 million lei (EUR3.8 million) in the first nine months, due to lower sales.
Competition Council Expands Probe At Gas Pipe Contracts Auction
Romania’s Competition Council has expanded an investigation on auction bid rigging, regarding natural gas works, to include another six companies, the authority said in a news release Tuesda...
Bergenbier Completes EUR200,000 Investment In Biogas Station
Romanian beer maker Bergenbier, part of the StarBev group, has launched a thermal power production unit at the Ploiesti plant, following an investment of EUR200,000 aimed at reducing natural...
Alro Reports 70% Hike In 9-Month Net Profit, To RON222M
Aluminum maker Alro Slatina (ALR.RO) reported a 70.7% year-on-year hike in its nine-month net profit, to 222.4 million lei (EUR52.8 million), compared to RON131.4 million in the same interva...