Energy
Rompetrol Rafinare Nine-Month Loss Narrows 19% YY To $113.3M
Rompetrol Rafinare (RRC.RO) on Thursday reported a net loss of $113.3 million for the first nine months of the year, down 18.8% from a loss of $139.6 million in the same interval of the prev...
Economy Ministry: Russian TISE Interested In Buying Oltchim
Russian electricity producer TISE is interested in buying the majority stake in chemical company Oltchim (OLT.RO), according to a news release issued Thursday by the Romanian Economy Ministr...
Thermal Power Producer Rovinari Seeks EUR34M Loan For Eco-Investments
Romanian state-owned thermal power producer Rovinari will take out a RON148 million loan (EUR34 million) for desulphurization works, company general manager Tiberiu Trotea told MEDIAFAX.
Romanian Economy Ministry Invites Karl Gruppe To Upgrade, Buy Hidroelectrica Units
Romanian Economy Minister Ion Ariton on Thursday invited German energy company Karl Gruppe to "look into the possibility" of association with Romania’s Hidroelectrica in view of upgrading se...
Managers Look For Quality First When Choosing Fuel
The main criterion used by more than 60% of company managers to decide on a fuel product for their business is quality, but 44% of them are unhappy with the prices, says a survey by consulta...
Romanian President Woos German Investors With “Large Privatization” Outlook
Romanian President Traian Basescu on Thursday said, after meeting German Chancellor Angela Merkel, that Romania will start a large privatization process, involving thermal power producers Tu...
Rompetrol Well Services 9-Month Net Profit Rises To RON10.8M
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Thursday said its net profit inched up 1.8% to 10.8 million lei (EUR2.5 million) in the first nine m...
Transelectrica 9-Month Net Profit Rises To RON153.4M
Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday said its net profit soared to 153.4 million (EUR35.2 million) in the first nine months, from RON5.17 million a year ea...
Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses
Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, t...