Energy
Petrom: Economic Growth Won't Lift Purchasing Power Sooner Than 2012
OMV Petrom (SNP.RO), the biggest company on the oil and gas market, posted growth in sales and profit, even though the market it operates on continued to go down. Repeated pump price hikes a...
Oil Terminal Drops Plan To Cut Working Hours; Fires Staff Instead
Romanian cargo handler Oil Terminal Constanta (OIL.RO) has given up its plan to trim working hours to cut expenditure, saying it would lay off staff instead.
Azomures 1Q Net Profit Doubles To RON44.2M
Romanian chemical fertilizer maker Azomures (AZO.RO) Wednesday said its net profit doubled to 44.2 million lei (EUR10.8 million) in the first quarter, from RON22.6 million in the year-earlie...
Enel Sees Romania's Renewable Power Output Rising To 31.4 TWh By 2020
Romanian renewable power output is poised to grow 80% to 31.4 TWh by 2020, from 17.2 TWh in 2010, fueled by higher wind power production, according to estimates from Enel Green Power, a unit...
Acvatot Earmarks EUR5M To Buy A Romanian Company
French-owned construction company Acvatot plans to expand its Romanian operations by taking over a local urban infrastructure constructor for at most EUR5 million.
OMV Petrom 1Q Investments At RON633M, Down 12% On Year
Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier peri...
Petrom Group 1Q Hydrocarbon Output Up 1% YY, To 16.78M Boe
Romanian oil group OMV Petrom (SNP.RO) Wednesday reported a 1% year-on-year increase in its first quarter hydrocarbon production, driven by higher gas production in Romania and higher hydroc...
Adrem Invest Invests EUR60M In Suceava Thermal Power Plant
Adrem Invest, a family business started in the early '90s by two brothers in Bucharest, will complete a EUR60-million station in Suceava in 2014, the first electrical and thermal power gener...
How OMV Could Affect Romania's Plans For Petrom Offer
Austrian group OMV, majority shareholder of OMV Petrom (SNP.RO), could need a capital increase this year to refinance some of the loans taken out to make acquisitions in Turkey (Petrol Ofisi...