Energy
Petrom Negotiates 3-Year Extension On Romanian Exploration Permits
OMV Petrom (SNP.RO), Romania’s leading oil and gas producer, will find out in less than a month whether it can still prospect for resources on 10 blocks, as negotiations with Romanian author...
CEZ Profits Lifted By Turning On Fantanele Wind Farm
The energy production and trading division of Czech group CEZ reported earnings before interest, tax, depreciation and amortization (EBITDA) of EUR24.6 million for the first half of this yea...
MOL Reports 1.1% Rise In 1H Romania Volumes
Hungarian oil company MOL on Tuesday said it has registered a 1.1% year-on-year rise in its first-half Romania sale volumes, and its market share widened to 12%, from 11% in the same interva...
Baicusi: State-Owned Companies Will Not Have Private Management Soon
Adrian Baicusi, 46, a manager with an experience of over 15 years in companies such as OMV or Siemens Romania (where the salary package reached EUR20,000/month), who in 2009 agreed to run st...
Verbund Romania Is Making Headway With Tulcea Wind Farm
The 200 MW wind farm Verbund is building in Casimcea commune, Tulcea county, has started catching shape, and the investment of some EUR300 million is the first major project Austria’s larges...
Chinese Investors Vow To Bid For Romanian Projects
Chinese investors have assured the Romanian Government they will bid for major investment projects in Romania and will offer low prices for works and also inquired about state aid options.
Amonil Swungs To Loss In First Half, On Sinking Sales
Romanian fertilizers producer Amonil Slobozia (AMO.RO) Friday posted a loss of 14.8 million lei (EUR3.5 million) in January to June, from a net profit of RON3 million in the same period of 2...
Energy Efficiency Certificate Required When Selling Or Letting Home
Developers will have to carry out a study on alternative heating systems, before being issued construction authorization, as of next year, and the energy efficiency certificate will be requi...
Comelf OKs RON44.5M Investment To Boost Production
Romanian manufacturer of environmental protection products Comelf Bistrita (CMF.RO) Friday approved total investments of 44.48 million lei (EUR10.3 million) to increase productivity and comp...