Energy
Two Enel Romania Units To Pay Dividend Worth A Total EUR32.5M
Two of the three electricity distributors held by Italian Enel in Romania will pay dividends worth a total EUR32.5 million, namely 60% of the net profit achieved by the companies in 2010.
Vimetco Aims To Raise Alro's Free-float And Attractiveness Through SPO
The Vimetco group, held by Russian businessman Vitaly Machitsky, surprised the Bucharest market with its intention to sell 21% of its shares in aluminum smelter Alro (ALR.RO) via a secondary...
MOL Romania Market Share Widens, Despite Sales Stagnation
The sales of Hungarian oil group MOL stagnated in the first quarter in Romania, compared to the same interval of 2010, but its market share registered a slight increase, the company said Thu...
OMV Lists Boycotts, Litigation, Antitrust Probe As Risks In Romania
Austrian oil and gas group OMV on Thursday listed a series of risks faced by Romanian OMV Petrom (SNP.RO), including gas station boycotts triggered by price hikes, litigation with past or cu...
Petrom Boosts Natural Gas Output
Romania's largest oil company OMV Petrom (SNP.RO) Thursday said it has increased natural gas production following investment in redevelopment at several mature reservoirs and the start of fi...
OMV Petrom Risks Losing Business Unless Exploration Licenses Renewed In September
Oil and gas company OMV on Thursday said it may face adverse conditions in Romania and its sales might decrease if mineral resources regulator ANRM fails to renew OMV Petrom's (SNP.RO) explo...
Romania Sticks To Plans For 1,000 MW Tarnita Power Plant
Romania needs to look closer at investors selected for the 1,000 MW Tarnita-Lapustesti hydropower plant that should be finished by 2019, following investments estimated at EUR1,028 billion,...
Romania To Sell 15% Stakes In Nuclearelectrica, Hidroelectrica In 2012
Romania's Economy Ministry plans to sell stakes of 15% in state-owned energy producers Nuclearelectrica and Hidroelectrica in 2012, a ministry official said Thursday.
Energy Price Deregulation Must Happen Quickly, President Says
Romania's government must establish “very quickly” a calendar for price deregulation in the energy and natural gas sectors to allow an adequate inflation targeting at the central bank, Presi...