Energy
IMF Wants Romania To Privatize Electrica - Economy Ministry Official
The International Monetary Fund is not highly interested in replacing low-efficiency thermal power producers with new units through privatization, but there is “pressure” to sell electricity...
EC Blocks Desulphurization Funding For Romanian Plants
The European Commission recently notified the Economy Ministry that it no longer agrees to cofinance a EUR127 million scheme for desulphurization activities at thermal power plants, approved...
Transelectrica, Serbian EMS-JP Elektromreza Sign Interconnection Agreement
Romanian state-run power grid operator Transelectrica (TEL.RO) Monday said it has signed an interconnection agreement with Serbian EMS-JP Elektromreza for the Resita-Pancevo project.
Government May Write Off Heating Supplier RADET’s Penalties For Debts To Elcen
The Romanian Government agreed to write off heating supplier RADET’s penalties for debts to power producer Elcen, provided the Bucharest city hall pays off the debt and current bills, deputy...
Tanasescu: Economy Ministry Lags Behind In Reorganizing State Companies
The Romanian Economy Ministry has slowed down the process reorganizing the companies it controls, while progress has been registered in the transport sector, Romania’s representative to the...
OMV Petrom Acquired Maintenance, Transport Worth EUR100M In September
Romanian oil and gas producer OMV Petrom (SNP.RO) acquired in September maintenance and transport services worth an approximate total EUR100 million, from subsidiaries of Austrian group Chri...
Sterling Resources Strikes Deal With Authorities For Black Sea Block Exploration
Canadian Sterling Resources on Friday said it has reached an agreement with Romania’s Economy Ministry enabling the former to continue exploration on several blocks in the Black Sea.
Retrasib 9-Month Profit Slumps 73% On Year
Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO) Friday said its net profit dropped 73% to 0.97 million lei (EUR0.22 million) in the first nine months, as expenses declined...
EBRD May Lend EUR92M For Wind Farm In SE Romania
The European Bank for Reconstruction and Development is considering issuing a loan worth up to EUR92 million for Cyprus-registered EPGE, in view of funding the construction of a wind farm in...