Energy
Opposition Parties Plan Motion Over Heating Aid Cut
Romania’s opposition parties plan to submit a motion in Parliament over the Government’s decision to eliminate subsidies for heat, social democrat leader Victor Ponta said Thursday.
Transgaz Inks RON1B Gas Transport Contracts
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Thursday announced it has signed transport deals with four local companies for a total amount of 1.027 billion lei (...
Government Approves New Heating Aid Income Caps
Romania's Government on Wednesday approved the new income ceilings, according to which heating subsidies will be provided from the state budget during the winter.
Economy Ministry: State-Run Companies To Invest RON16.7B By Yearend
The Romanian Economy Ministry on Wednesday announced that 18 companies it controls will complete investment worth a total 16.7 billion lei (EUR3.9 million) between July and December 2011, tw...
Oltchim Keeps President Until Next Shareholder Meeting
Romanian chemical company Oltchim (OLT.RO) did not appoint a new board president on Tuesday, thus Constantin Roibu stays on as interim board president until the next meeting.
Amonil Changes Activity To Electricity Production
Shareholders of Amonil Slobozia (AMO.RO) agreed Monday to change the company’s main segment of activity from fertilizer maker to electricity producer, according to a news release issued Wedn...
Grup Servicii Petroliere Expands Fleet
Businessman Gabriel Comanescu, owner of the most powerful domestic business in the hydrocarbon drilling industry, took another step in developing Grup Servicii Petroliere (GSP), the jewel of...
Government To Approve Fiscal Code, Heating Aid Act, Sale Of Electrica Stake On Wednesday
Romania's new Fiscal Code, Fiscal procedure Code, heating aid ordinance and the act on the sale of a stake in state-owned energy distributor Electrica SA will be approved by the Government i...
Oltchim To Replace Board Chairman - Sources
The shareholders of Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) agreed to replace Constantin Roibu as chairman of the board, participants in the meeting told MEDIAFAX...