Energy
Wind Farm Incentives To Increase Romanian Electricity Prices By 10% In 2012
Romanian electricity consumers could pay up to 10% more next year, as more wind farms are supported through the green certificate scheme, Wednesday said Zoltan Nagy, director general of the...
ANRE: Updated Renewable Energy Scheme Enforced As Of End September
Romania’s government is bound to approve an ordinance amending the renewable energy law in September, with the new regulations likely to come into force by the end of the month, the energy r...
Gazprom Takes First Step On Romanian Oil Market
Serbian-held NIS, an oil business worth over EUR1.5 billion that is controlled by Russian giant Gazprom, started seeking executives for its office in Romania, a market that is one of the com...
Five Years After Floating Transelectrica, State Pledges To Keep To Listing Scheme
The listing of Transelectrica (TEL.RO), in September 2006, was the first major stock offering the Romanian government carried out on the Bucharest stock exchange. In the five years since the...
ExxonMobil Romania To Pay Up To $1.2M For Drilling Services At Black Sea Block
ExxonMobil Exploration and Production Romania will pay between $0.4 million and $1.2 million for drilling services in the offshore Black Sea perimeter it has been exploring together with OMV...
Transelectrica More Severe In Authorizing Wind Farms
Romanian state-owned electricity transporter Transelectrica (TEL.RO) is “more drastic” in approving the access of wind turbines to the power grid, since developer demand outweighs the networ...
Romania Could Delay Transelectrica, Transgaz Sale
Romania might have to put off its plans to sell more stakes in power grid operator Transelectrica (TEL.RO) and natural gas company Transgaz (TGN.RO), an official at the Economy Ministry said...
Economy Ministry To Select Broker For Transelectrica SPO In October
Romania’s Economy Ministry will launch next week the official announcement to select a broker to help with a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO...
35 State Companies Generate EUR10B In Turnover, But No Profit
The 35 largest state-owned companies last year generated overall turnover of nearly EUR10 billion, but made no profit, with their total losses amounting to almost EUR500 million. Ziarul Fina...