Energy
Romanian Oil Companies Suspected Of Price Fixing - Sources
Romanian oil companies are suspected of having fixed pump prices on unleaded gas, according to a report from the antitrust regulator sent to the European Commission.
Bourse Operates Biggest Transfer In Years: Electromagnetica Is One Step Away From Floatation
The National Securities Commission (CNVM) at the end of last week approved the transfer of shares of electrical equipment producer Electromagnetica Bucuresti (ELMA.RO) from Rasdaq onto the r...
Oltchim Maintains Furlough For 1,000 Employees
Some 1,000 employees of Romanian chemical plant Oltchim (OLT.RO) will be kept on furlough in October, for the third month in a row, because of raw material and working capital shortages, the...
OMV Petrom Eyes 6% Hike In Natural Gas Price
Romanian oil and gas company OMV Petrom (SNP.RO) on Friday said it wants to increase the price of locally made gas by some 6%, to 525 lei (EUR120) from RON495 per thousand cubic meters.
Economy Ministry Publishes Draft Act On Hunedoara Energy Complex
Romania's Economy Ministry has drafted a government decision on the creation of the Hunedoara Energy Complex, through the merger of energy producers Electrocentrale Deva and Electrocentrale...
ANRE Probes Costs At GDF Suez Romania - Sources
Romanian energy regulator ANRE started last week an inspection at GDF Suez Energy Romania, to check if cost reports are accurate, people close to the matter told MEDIAFAX.
Former Economy Minister Indicted For Allegedly Defrauding State-Owned Power Producer
Romania’s former economy minister Codrut Seres has been indicted on allegations that he shielded illegal activities of the management of state-owned hydropower producer Hidroelectrica, defra...
EC Opens Infringement Proceedings Against Romania Over Energy Market Legislation
The European Commission has opened infringement proceedings against Romania and other member states for failing to transpose two directives, regarding the electricity and natural gas markets...
Romania Imported Puny Amounts Of Gas Via Arad-Szeged Pipeline One Year After Launch
Romania imported 2.37 million MWh of natural gas through the Arad-Szeged pipeline in the year through August 2011, amounting to 0.001% of the local consumption.