Energy
Nuclearelectrica Widens Selection Pool For Reactor Investments
Romanian nuclear power plant operator Nuclearelectrica on Wednesday said it is willing to accept “any large company” that meets certain requirements, for the construction of reactors 3 and 4...
Romania, Gazprom Discuss Direct Supply Agreements, Wider Collaboration
Russian giant Gazprom is willing to conclude direct gas supply contracts with Romania, and it plans to invest in gas storage and power plants locally, Tuesday said Economy Minister Ion Arito...
Romania To Partly Extinguish The Fiscal Debts Of CFR, CNH, Termoelectrica
The Government has enabled fiscal watchdog ANAF to take over assets from mining company CNH and stock from state-owned companies CFR and Termoelectrica, in a bid to reduce the debts owed by...
OMV Petrom Should Not Raise Gas Prices At This Time - E.ON Romania
E.ON Romania chief executive officer Frank Hajdinjak on Tuesday said now would not be a good time for oil and gas company OMV Petrom (SNP.RO) to raise natural gas price, since prices are alr...
Zeta Petroleum To List Stock In Australia, Use Funds To Drill Romanian Block
Oil company Zeta Petroleum on Tuesday said it intends to float stock in March 2012 on the Australian Stock Exchange, and to draw AU$15 million (EUR21 million) for drilling operations on the...
Romania May Limit Wind Farm Capacities To Protect Power Grid
Wind farms may have a cap placed on their installed capacity if they start distorting the energy system, Tuesday said Marius Cernat, deputy general manager of the national power grid operato...
Government Worried About Cost Of Renewable Energy Scheme - Association
Romanian government has not yet approved the subsidies for renewable energy producers because it fears the impact on the electricity bills will be too high, the Wind Power Association AREE s...
Siemens Sees Significant Increase In Orders In 2011
Cristian Secosan, general manager of Siemens Romania, says 2011 brought a significant increase in orders, so despite all uncertainties that put economic growth to the test this year, the Ger...
Ieba Trust Cuts Petrom Target Price To RON0.45/Share, Keeps Buy Rating
Romanian brokerage house Ieba Trust Monday cut by 6.2% its 12-month target price on Romanian leading oil company OMV Petrom (SNP.RO) to 0.45 lei (EUR0.1041) a share, but left its recommendat...