Energy
Transelectrica 1Q Net Profit Triples To RON161M
Romanian state-owned power grid operator Transelectrica (TEL.RO) Monday reported a net profit of 160.8 million lei (EUR39 million) for the first quarter of the year, more than triple the res...
Romgaz 1Q Net Profit Rises 46.7% On Year To RON299M
Romanian natural gas producer Romgaz Medias on Monday said its first quarter net profit rose 46.7% on the year to 298.7 million lei (EUR72.8 million), despite a 9% drop in sales.
Franks: Romania To Free Gas Prices Gradually By 2015
Romania will free the natural gas market in stages by 2013 for companies and between 2013 and 2015 for household consumers, Monday said Jeffrey Franks, the head of the IMF delegation to Roma...
IMF: Romania To Sell Large Stakes In Key Energy Companies
Romanian authorities will make the necessary arrangements to sell “significant stakes” in several key energy companies in the coming months, including nuclear power company Nuclearelectrica...
INS: Romania's Power Output +2.3% On Year, Resources +3.2% In FIrst Quarter
Romanian power output rose 2.3% on the year to 5.93 million tons of oil equivalent in the first quarter, while the country’s primary energy resources increased 3.2% to 8.6 million tons of oi...
Basescu Finds “Barons of the Economy” In Energy Companies
President Traian Basescu at the end of last week identified the big "boyars-barons" of the Romanian economy as being the managers of the biggest local energy companies. These state-held comp...
Romania, EU To Discuss Local Fuel Market Probe Results, Measures
Romania will most likely complete its fuel market probe and conclusions in the second half of this year, after talks with the European Commission, people close to the matter told MEDIAFAX.
Basescu Says Complete Liberalization Of Energy and Gas Markets Should Wait Until 2015
Romanian President Traian Basescu said Saturday, after a meeting with the International Monetary Fund delegation, that the deregulation of gas and electricity prices for households should be...
Proprietatea Fund Ups Stake In Azomures To 10.2%
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said it has increased its stake in chemical fertilizer company Azomures (AZO.RO) to 10.23% from 7.69%, following several deals on...