Energy
Oltchim Posts RON110M Loss In 3Q
Romanian state-owned chemical company Oltchim (OLT.RO) Monday reported a loss of some 110 million lei (EUR26 million) in the third quarter, cumulating a negative result of RON179.7 million i...
Oltchim Sends 1,000 Employees Into Furlough
Romanian state-run chemical plant Oltchim on Monday announced it will sent some 1,000 employees into furlough, between November 15 and 30, continuing a cost cut program launched in August be...
Petrolexportimport Loss Narrows 91.4% In January-September
Romanian fuels wholesaler Petrolexportimport (PEI.RO) Friday said its net loss narrowed 91.4% to 0.16 million lei (EUR0.037 million) in the first nine months, aided by higher sales.
Econ Ministry Vetos Nuclearelectrica IPO, Waits For Gov’t Go-Ahead
Romanian Economy Ministry opposed a proposal to float the shares of state-run power producer Nuclearelectrica on the Bucharest Stock Exchange, saying the operation requires government approv...
Hidroelectrica Maintains Force Majeure Despite Authorization Withdrawal
The managing board of hydropower producer Hidroelectrica will notify all clients that force majeure will be maintained, despite a Chamber of Commerce decision to cancel the force majeure app...
Condmag 9-Month Net Profit Falls To RON1.6M
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Friday reported a fivefold drop in its net profit to 1.6 million lei (EUR0.37 million), on halved sales.
Insolvent Uztel Posts Narrower Loss In Jan-Sep, At RON1.9M
Romanian oil machinery maker Uztel Ploiesti (UZT.RO) posted a loss of 1.9 million lei (EUR437,000) in January to September this year, compared to RON11.2 million in the same interval of 2010...
Hidroelectrica Battles Force Majeure Authorization Withdrawal
Romanian hydropower producer Hidroelectrica on Friday said the Chamber of Commerce abusively withdrew the force majeure approval issued in September, which enabled the company to limit deliv...
Electrica Has To Recoup EUR380M, But Borrows To Finance Its Activity
Electrica, the only electricity distribution and supply company still in the portfolio of the Romanian state, says it has to recoup RON1.6 billion (EUR380.9 million) from companies to which...