Energy
Romania To Ensure Gas Exports Towards Hungary By End-2012
Romania’s government pledged to make the needed steps to allow exports of natural gas towards Hungary by the end of 2012, according to the memorandum of understanding agreed with the Europea...
Prospectiuni Posts Net Profit Of RON12.8M In First Quarter
Prospectiuni Bucuresti (PRSN.RO), provider of geological surveys for the gas industry, Friday reported a net profit of 12.8 million for January-March 2011, compared to RON0.95 million in the...
Amonil Switches To RON1.3M Loss In First Quarter
Romanian chemical fertilizer maker Amonil Slobozia (AMO.RO) switched to a loss of 1.3 million lei (EUR317,000) in the first quarter, from a net profit of RON0.93 million in the corresponding...
Contor Group Swings To RON1.6M Loss In First Quarter
Romanian measuring device maker Contor Group (CGC.RO), which went bankrupt early-May, posted a net loss of 1.6 million lei (EUR390,000) in the first quarter, compared to a net profit of RON7...
Carlson Ventures International Ups Stake In Oltchim To 13.9%
British investment firm Carlson Ventures International Ltd. on Thursday bought a 1.66% stake in Romanian chemical company Oltchim (OLT.RO) through a Cyprus-registered firm, raising its stake...
Boc Says Government Will Set Revenue Cap For Heating Subsidies Before September
Romania’s Government will decide by the end of the summer on a maximum revenue cap for beneficiaries of heating subsidies, while people with high incomes or who own multiple homes will pay t...
Eco-Products Maker Comelf Bistrita 1Q Net Profit Rises To RON0.7M
Romanian Comelf Bistrita (CMF.RO), maker of industrial and eco-protection machinery. Friday reported a net profit of 711,000 lei (EUR168,000) in the first quarter, well above RON57,000 in th...
Romania Gives Up Plans To Shut Down Oltchim If Privatization Fails
Romanian government gave up its plans to shut down chemical plant Oltchim Ramnicu-Valcea (OLT.RO) if privatization procedures should fail in 2011, according to the country’s letter of intent...
Transgaz 1Q Net Profit +3% On Year At RON195M
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Friday said its net profit rose 3% on the year to 194.9 million lei (EUR46 million) in the first quarter, on higher...