Energy
Subway Company Metrorex Wants To Buy Energy For RON14M
Romanian state-run subway company Metrorex will start negotiations to buy energy for the September 1-November 30 interval, and the contract to be awarded is estimated at about 14.01 million...
Energy Companies Push For New Gas Price Hike In 4Q
Romanian utility companies Monday requested a new increase in natural gas tariffs for industrial consumers, just one month after the regulatory authority approved a 10% hike in prices.
Romgaz Medias Posts RON488M Net Profit In First Half
Gas producer Romgaz Medias posted a net profit of 488 million lei (EUR115 million) in the first half of the year, on RON1.99 billion sales, according to financial results published Friday.
Hidroelectrica 1H Profit Sinks On Lower Rainfalls
Lower rainfalls this year and rising water costs led hydro-power producer Hidroelectrica’s profit down four times in the first half of the year against the similar period of 2010.
Roibu Gives Up Oltchim Chairman Post, But Stays On As General Manager
Constantin Roibu will leave his position as Board Chairman of the state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), while continuing to run the company, Roibu said Thursday.
Consumers To Pay RON1.3B In 2011 To Support Romania's Renewable Energy Scheme
Romanian consumers are bound to pay 1.3 billion lei (EUR306 million) this year to support the country’s renewable energy scheme, according to estimations of the energy watchdog ANRE.
Nationwide Electrification Would Cost Romania EUR211M
Romania would need to invest some EUR211 million to connect some 60,600 unconnected households to the national power grid, Thursday said Marian Geanta, development manager of state-owned ele...
Retrasib 1H Net Profit Dives To RON0.95M
Romanian transformer maker Retrasib Sibiu (RTRA.RO), owned by Octavian and Calin Buzoianu, Thursday reported a first-half net profit of 951,000 lei (EUR224,000), down from RON2.51 million in...
Electrocentrale Deva To Lay Off 100 People This Year, 200 More Next Year
One hundred employees of the total 1,531 working at electrical plant Electrocentrale Deva, in western Romania, will be laid off in September and 200 others will lose their jobs next year, ac...