Energy
Raiffeisen Cuts Target Price For Romanian Transgaz To RON285/Share
Raiffeisen Capital&Investment cut 1.5% off the target price for shares in Romanian state-owned gas transporter Transgaz (TGN.RO), to 285 lei (EUR69) from RON289.5, but maintained the “hold”...
GHCL Upsom Dubbed Insolvent For EUR14M Debt To Romgaz
The Alba court allowed Thursday the insolvency claim filed by state-owned gas distributor Romgaz against chemical plant GHCL Upsom Ocna Mures (UPS.RO).
World’s Oil Giants Have Their Eyes Set On Romania
France’s Total, US Exxon and Chevron, as well as Russia’s Lukoil are the oil giants that have in the past year set their eyes on Romania, trying to spot potential hydrocarbon reserves both o...
Colteanu, GE: Revenue Target Set At $1B In Region For Next Two Years
Cristian Colteanu, who runs the operations of US-based company General Electric (GE) in Romania, the Republic of Moldova and Bulgaria, said the revenue target for the next two years was set...
Farmers' Ethanol To Invest $200M In Prahova Energy, Farming Complex
U.S. company Farmers' Ethanol wants to invest $200 million in an energy and farming complex, located on 400 hectares in Prahova county, southern Romania, and has signed a memorandum of under...
Romania Ranks 21 In Renewable Energy Attractiveness Chart
Romania climbed two positions, to 21, in an Ernst&Young chart of the 35 most attractive states for renewable energy projects.
Court Rejects Proprietatea Fund Challenge Against RON400M Donation - Sources
The Alba Iulia Court of Appeals rejected the challenge issued by investment fund Fondul Proprietatea (FP.RO) against a government decision that stat-owned gas distributor Romgaz donate 400 m...
Nuclearelectrica Restarts Reactor After 25-Day Overhaul
Romanian state-owned energy producer Nuclearelectrica Wednesday restarted the second reactor at its nuclear power plant in Cernavoda, following a 25-day scheduled overhaul.
Rompetrol Ups Pump Prices By Up To RON0.02 Per Liter
Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, Thursday increased pump prices for gasoline and diesel by up to 0.02 (EUR0.004) per liter.