Energy
Oltchim Management To Take Part In Appointing Its Replacement
A team of current managers at state-owned chemical company Oltchim (OLT.RO), led by general manager Constantin Roibu, showed interest in staying with the company as private management.
German Wind Turbine Maker Nordex Expands Business In Romania
German wind turbine manufacturer Nordex on Monday said it will open an office in Romania, to seize the opportunities of the rising local market, after having received two orders.
Romania’s Sea Harbor Administration To Buy Electricity For RON14.4M
Romania’s maritime harbor administration will hold an auction on October 20 to buy electricity worth 14.4 million lei (EUR3.38 million).
Hidroelectrica, Oltchim, SNLO, Electrica Furnizare, Romarm - First Companies To Have Private Management
Hidroelectrica, Oltchim, SNLO, Electrica Furnizare and Romarm are the first companies under the authority of the Romanian Economy Ministry to have private management, according to an officia...
Energy Bourse OPCOM To Hike Share Capital By RON23M
The share capital of energy bourse OPCOM will be increased by 23 million lei (EUR5.4 million), through the in kind contribution of the sole shareholder, state-owned power grid operator Trans...
Romania Negotiates Buying Arpechim Refinery From OMV Petrom
Romanian authorities want to buy the Arpechim Pitesti refinery from oil company OMV Petrom (SNP.RO), and the company is willing to start negotiations “as soon as possible”, according to a ne...
Brokers Can File Bids On Transelectrica SPO By September 29
Romania's Economy Ministry Friday said brokerage houses interested in running a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) can file bids by September...
EXCLUSIVE: Private Managers May Earn Millions Of Euros Leading Romanian State Companies
The private sector managers that will be appointed to lead Romanian state-owned companies could earn as much as EUR75,000 gross per month, plus millions of euro per year in the case of highl...
CNH Head: Romania Gives Up Energy Champions Plan
The Romanian Government has given up the idea of creating two state-owned energy giants, Electra and Hidroenergetica, and it will create two smaller companies, Thursday said Constantin Jujan...