Energy
Romania Takes Rompetrol To Court Over Bond Conversion
Romania’s second largest oil refinery Rompetrol Rafinare (RRC.RO) Wednesday said the state has filed legal action against its decision to increase the company’s share capital through bond co...
3 Years, 85 Permits And 13 Bureaucrats To Build A Wind Farm
From the project stage to getting the first money by selling green energy, it takes nearly 3 years during which investors in wind farms have to get 85 permits and meet around 13 civil servan...
BNR: Oil, Gas Companies Top Performers In 2010
Romanian oil and natural gas companies were top economic performers in 2010, unlike state firms, which lagged in negative territory, central bank data showed.
Economy Ministry Gets 3 Bids From Headhunters
Romanian authorities received bids from Pedersen&Partners, Agentia Professional SRL Bucuresti and the association between George Butunoiu and law firm Biris Goran for the recruitment of priv...
Upcoming Oltenia Complex Listed Within Two Years From Creation - Sources
Energy complex Oltenia, planned by Romanian authorities as a state-owned energy production cluster, will be listed on the bourse within two years from creation, according to agreements betwe...
State-Owned Company Managers Eye Private Status For Continuity
Constantin Balasoiu, the current general manager of thermal power producer CE Craiova, on Tuesday said he would like to stay at the helm, as private manager, if the requirements are “realist...
Hidroelectrica Takes Out EUR32 Million Loan From RBS
Hidroelectrica, Romania’s largest energy producer, continues to borrow money from major banks. The latest bank it turned to is RBS Romania, from which it took out a EUR32 million loan.
RBS Romania Lends EUR32M To Hidroelectrica
RBS Romania will grant a one-year loan worth EUR32 million to state-owned hydropower producer Hidroelectrica, to finance working capital needs.
Economy Minister Requests Speedier EU Approval Of State Aid Measures
Romanian Economy Minister Ion Ariton met Monday with European Commission Vice-President Joaquin Almunia, asking him to hurry the technical procedures on the granting of state aid to mining c...