Energy
Uztel Loss Narrows To RON3.15M In First Half
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Thursday said its net loss narrowed to 3.15 million lei (around EUR0.74 million) in the first half, helped by growing sales.
Proprietatea Fund Ups Stake In Conpet To 29.6%
Romanian investment fund Fondul Proprietatea (FP.RO) has increased its holding in state-run oil transporter Conpet Ploiesti (COTE.RO) to 29.61%, after it bought a 9.21% stake for 27.1 millio...
Rompetrol Well Services 1H Net Profit Up 18% To RON6.6M
Romanian Rompetrol Well Services (PTR.RO), a unit of the Rompetrol group, Thursday reported a net profit of 6.6 million lei (EUR1.6 million) for January-June, up 18% from RON5.6 million in t...
Transelectrica Switches To Net Profit Of RON178.6M In 1H
Romanian national electricity transporter Transelectrica (TEL.RO) Thursday reported a first-half net profit of 178.63 million lei (EUR41.8 million), compared with a loss of RON58.16 million...
Petrom Posts Stronger Results Despite Falling Fuel Demand
OMV Petrom (SNP.RO), the largest Romanian company, reported rising financial figures again though the market was characterized by shrinking fuel demand. Price hikes offset the consumption de...
Dafora's Net Profit Falls To RON2.9M In First Half
Romanian oil drilling and construction company Dafora Medias (DAFR.RO) Wednesday reported a net profit of 2.9 million lei (EUR0.68 million) for the first year-half, down almost 60% from RON7...
9.2% Stake In Conpet Sold For RON27M In Bucharest
A stake of 9.2% in oil transporter Conpet Ploiesti (COTE.RO) was traded on the Rasdaq deal market in Bucharest for 27.11 million lei (EUR6.3 million).
Government To Refund Petrom For EUR600M Eco-friendly Works Until 2034
Romanian leading oil company OMV Petrom (SNP.RO) is poised to receive EUR600 million from the state for ecological works at its units until 2034, Chief Executive Officer Mariana Gheorghe sai...
Romania To Negotiate In China For Highway, Subway, Energy Projects
Romanian Government officials will go to China on Wednesday to negotiate a number of economic projects, including two new power station production units, a highway between Sibiu and Pitesti,...