Energy
Oltchim Seeks Loans Worth EUR250M For Investments, Working Capital
Romanian chemical company Oltchim (OLT.RO) plans to take out loans worth a total EUR250 million, to fund investment and working capital, according to its shareholder meeting summoning announ...
Richest Energy Companies In Romania Have EUR1.5B In Their Accounts
Privatized energy distributors have in the past few years become some of the richest companies in Romania, with their profit margins climbing to over 20%, compared with margins of under 5% i...
Fondul Proprietatea Willing To Help With Future Bourse Privatizations
Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered...
Bucharest Heating Price Raised To RON169.88/Gcal As Of August 1
The price of thermal power in Bucharest has been raised to 169.88 lei/Gcal (including VAT), from RON124/Gcal as of August 1, according to a decision of the City Council.
Romania Plans Capital Increases Through IPOs At Hidroelectrica, Nuclearelectrica
Romanian Economy Ministry plans to increase by 10% the capital of state-run energy producers Hidroelectrica and Nucleaelectrica through new share offerings, the ministry said in a statement...
Romania Starts Procedures To Slash 1,300 Jobs In State-Owned Energy Companies
Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year.
ANRE OKs Gazprom Unit As Gas Supplier On Romanian Market
Romanian energy regulator ANRE authorized Gazprom Marketing & Trading, a subsidiary of Russian group Gazprom, to supply natural gas on the local market.
Heating Subsidy Cuts Should Drive Romanians To Thermal Rehab - Baumix
The Romanian thermal rehabilitation market should increase once heating subsidy is removed, but it is currently stagnating because of the constant amendments in legislation, construction mat...
IMF Says Romania Should Cut Red Tape Around Heating Subsidies - Lazaroiu
Officials of the International Monetary Fund have recommended Romania to adopt a simplified scheme for heating subsidies and eliminate bureaucracy for this type of aid, Labor Minister Sebast...