Energy
First X-Ray Of The Largest State-Run Companies
The publishing by Fondul Proprietatea of state-controlled companies’ reports reveals a rise in salary costs and in the number of employees. The ten largest state-owned companies in the energ...
Government Restructures CNH Mining Company, Will Notify EU Next Week
The authorities will notify the European Commission next week on its plan to reorganize the mining company Compania Nationala a Huilei (CNH), the country’s largest debtor, Economy Ministry o...
Fondul Proprietatea Sheds Light On Hidroelectrica’s Secret Contracts
Hidroelectrica’s energy contracts for 2010 show the company has walked away from over EUR90 million because it preferred to sell electricity directly, instead of using the energy exchange.
Dafora OKs RON5.1M Capital Increase
Romanian drilling company Dafora Medias (DAFR.RO) has approved a 5.1 million lei (EUR1.2 million) capital increase to RON102.4 million, the company said in a statement Monday.
Elcomex EN Changes Name To Repower Furnizare Romania
Electricity supplier Elcomex EN changed its name to Repower Furnizare Romania, after being taken over in June 2010 by Swiss Repower AG.
Mechel Targoviste To Take Bank Loans Worth A Total EUR100M
Steel maker Mechel Targoviste (COS.RO) on Monday said it will contract two loans, worth EUR50 million each, from ING Bank and UniCredit Tiriac Bank, in association with three firms from the...
How Money Invested In Building A Wind Farm Is Spent
Electrica, the largest state-owned energy supply and distribution company, which will also become an energy producer next year, says it had to revise its investment plans for a wind power fa...
Ariton: Petrom Offering Will Resume In 1Q '12 At The Earliest
Romanian Economy Minister Ion Ariton said the sale process of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO) will be resumed in the first quarter of 2012 "at the earliest."
Renaissance Blames Market Conditions For Petrom’s Failed Offering
Romania’s unsuccessful attempt to sell a 9.84% stake in top oil company OMV Petrom (SNP.RO) at the desired price was due to difficult market conditions and low investor appetite, according t...