Energy
Romanians Pay More Than Most EU Citizens For Gas, Electricity
Household consumers in Romania pay twice more than their French counterparts for electricity, calculated on their purchase power, while the price of gas is nearing the EU average, using the...
State May Sell 45% In Rompetrol Rafinare On The Bourse If It Loses Case Against The Kazakhs
Analysts expect the Romanian state to carry out a public sale offer on the bourse for its 45% stake in Rompetrol Rafinare (RCC.RO) if it fails to recover the EUR516 million historic debts fr...
Romania To Amend Green Certificate Sale Legislation, Collect EUR1.2B
The Economy Ministry wants to simplify legislation on the sale of greenhouse gas certificates, or AAUs, through which it plans to collect EUR1.2 billion, some two times less than initially a...
Natural Gas Imports May See 15% Price Hike In Third Quarter
The price of imported natural gas may rise by 15% in the third quarter, compared to the beginning of the year, according to estimations by Romanian energy regulator ANRE.
Nuclearelectrica To Spend EUR50M On Stress Tests
Nuclear power plant operator Nuclearelectrica will spend EUR50 million of its own funds for the stress testing of the Cernavoda nuke plant, Tuesday said company general manager Pompiliu Budu...
State Loses First Battle In Court Case Against Rompetrol
The Court of Constanta ruled Monday that the capital increase turning a portion of the debts of Kazakh-held Rompetrol to the state into Rompetrol Rafinare-Petromidia shares was legal, source...
Raiffeisen Ups 12-Month Target Price For Transelectrica Shares To RON25
Raiffeisen increased the 12-month target price for shares of state-owned power grid operator Transelectrica (TEL.RO) by 18%, to 25 lei (EUR5.92), citing strong first half results, but mainta...
Steel Industry Between Massive Layoffs And 50% Wage Raises In Recession
The employees of steel companies, whose businesses made a significant recovery from the crisis thanks to a surge in exports, were among the most privileged in terms of wage raises during the...
Corporate Customers To Pay 10% More For Natural Gas Come Jul 1
The price of natural gas paid by Romanian households and thermal power producers will remain unchanged until July 1, 2012, but industrial consumers will pay 10% more starting July 1, 2011, e...