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Energy

EU Energy Traders To Report All Transactions To ACER

Electricity and gas traders will need to report their transactions to the Agency for the Cooperation of Energy Regulators, or CER, according to new framework adopted by the EU Monday, for th...

Andrei Cîrchelan · 10.10.2011 · 18:44 · 1 min
Energy

Rompetrol Rafinare Adds One Year To $1.2B Loan Return Deadline

Rompetrol Rafinare (RRC.RO), a unit of oil and gas group Rompetrol, has added one year to the deadline of a $1.2 billion loan taken from one of its shareholders.

Andrei Cîrchelan · 10.10.2011 · 18:19 · 1 min
Energy

Electrica To Announce Wind Turbine Supplier Within Two Weeks

Romanian state-owned electricity distributor Electrica estimates it will have a turbine supplier for the Drumusita wind project within two weeks, the company’s general manager Ioan Folescu t...

Andrei Cîrchelan · 10.10.2011 · 16:47 · 1 min
Energy

Electrica Employees Can Buy Stock In Any Privatized Unit - Draft

The employees of Romanian state-run energy company Electrica and of the company’s privatized units will be able to buy shares in any of the former subsidiaries, regardless if they worked the...

Florentina Dragu · 10.10.2011 · 13:04 · 1 min
Energy

Transgaz To Build RON26M Gas Pipeline In NE Romania

Romanian state-owned gas transporter Transgaz will build a 26 million lei (about EUR6.02 million) gas pipeline connecting Campulung Moldovenesc with Vatra Dornei in northeastern Romania, Suc...

Ioana Tudor · 09.10.2011 · 18:16 · 1 min
Social/Politics

Boc: Romania Might Implement Five Major Projects Through Public-Private Partnership

Romanian Prime Minister Emil Boc said the Government has five major projects it wants to implement through public-private partnership – a hydropower plant, two new reactors for the Cernavoda...

Radu Bostan · 07.10.2011 · 18:06 · 1 min
Energy

Copper Miner Cupru Min Up For Sale For RON200M - Sources

Romanian state-run copper producer Cupru Min Abrud will be auctioned off next week at a starting price of around 200 million lei (EUR46.3 million), people at the Economy Ministry said Friday...

Florentina Dragu · 07.10.2011 · 14:54 · 1 min
Energy

Competition Council Suspects 17 Companies Of Auction Rigging

Romanian competition authorities on Thursday performed unannounced inspections at the headquarters and branches of 17 companies suspected of rigging bids in auctions held by Transgaz (TGN.RO...

Andrei Cîrchelan · 06.10.2011 · 14:46 · 1 min
BCR-Intercapital-Swiss Capital Consortium Files Single Bid For Transelectrica SPO
Capital Market

BCR-Intercapital-Swiss Capital Consortium Files Single Bid For Transelectrica SPO

A consortium made of investment companies BCR, Intercapital Invest and Swiss Capital Thursday has submitted the only offer on file to broker the sale of a 15% stake in Romanian state-run pow...

Florentina Dragu · 06.10.2011 · 11:00 · 1 min