Energy
Nuclearelectrica Earmarks RON3.5M For Internet Connection
Romanian state-owned nuclear power plant operator Nuclearelectrica on Friday said it seeks internet services in a two-year contract worth 3.5 million lei (EUR830,000).
Will Romanian Billionaires Invest In Petrom Public Offering?
There might be at least 100 people in Romania who have millions of euros in their accounts, which they could use to buy shares at the government's sale of 9.84% in Petrom. ZF tried to find o...
Termoelectrica To Lay Off 300 Employees
State-owned thermal power producer Termoelectrica will lay off 300 employees from two branches, under a restructuring plan approved by shareholders on June 16.
City Halls Must Ensure Heating Subsidy From Local Budget
The Romanian Government will no longer set reference prices of thermal energy for households and will allow mayors to approve, based on their own strategy, prices lower than those charged by...
Sterling Resources Plans To Invest $500M In Black Sea Blocks
Canadian Sterling Resources needs to invest some $500 million in its Midia and Pelican blocks in the Romanian shelf of the Black Sea, and the money can be obtained without any problems, Ster...
Expur Urziceni In Sofiproteol Era: Revenues Climb 20% To EUR132M
Expur Urziceni, a major producer of vegetable oil in Romania, part of French group Sofiproteol, last year posted revenue of EUR132 million, up 20% year-on-year, according to the information...
Petrom’s Offering Will Be Conducted In July, Price Has Yet To Be Set
The public offering whereby the Romanian government intends to sell a 9.84% stake in OMV Petrom (SNP.RO) will be conducted in July, according to the calendar set by the Economy Ministry with...
GDF Suez Posts Flat Sales With 200 Fewer Employees
French-Belgian group GDF Suez, which entered the Romanian market in 2005 by acquiring the majority stake in former gas distributor Distrigaz Sud, last year posted turnover of around EUR843.2...
Hidroelectrica To Select Technical Consultants For EUR137M Upgrade Project
Romanian hydropower generator Hidroelectrica will select an international firm to provide technical assistance in a EUR137 million project for upgrades at the Stejaru Bicaz power plant.