Energy
CNH Debt To Budget Widens To RON4.6B In 1H
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority...
OMV Petrom: Romanian Consumption To Pick Up In 2H
Romanian macroeconomic outlook remains favorable for the second half of 2011, with domestic consumption bound to pick up toward year-end, according to estimates of dominant oil company OMV P...
OMV Petrom 2Q Net Profit Rises To RON903M
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities rose 26% on the year to 903 million lei (EUR211.6 million) in the second quarter, mostly fuele...
Azomures 1H Net Profit More Than Doubles To RON163M
Romanian chemical fertilizer maker Azomures (AZO.RO) Tuesday said its net profit more than doubled on the year to 163.2 million lei (EUR38.2 million) in the first half, fueled by a 61% incre...
Oltchim Puts 1,025 Employees On Furlough In August
Romanian state-run chemical producer Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it will put 1,025 employees (about 30% of its workforce) on furlough until the end of August, due to lack of...
After Conquering Dobrogea, Wind Farm Investors Tap Into Moldavia
Galati county has become the star of the year in terms of the number of wind energy projects that have won network connection contracts. Vaslui, Botosani and Suceava also caught the interest...
OMV Petrom Awards EUR248M Onshore Drilling Contracts
Romania’s leading oil company OMV Petrom (SNP.RO) has awarded drilling contracts for eight onshore fields worth EUR248 million, value added tax excluded, the company said in a statement Mond...
Romania Hires Salans As Legal Consultant For Romgaz Listing
Romania's Economy Ministry has selected international law firm Salans to provide consultancy services for the sale of a 15% stake in natural gas producer Romgaz Medias, the law firm said in...
Rompetrol Expands Its Bulgarian Network
Rompetrol Bulgaria, a unit of the Netherlands-based group Rompetrol, has opened a new gas station in Levunovo locality, near the border with Greece, the oil group said in a statement Monday.