Energy
Nabucco Construction Start Delayed To 2013
The consortium building the Nabucco gas pipeline postponed construction start by one year, until 2013, while the date of first deliveries was pushed back to 2017.
Oltchim Returns to Pre-crisis Turnover
Chemical plant Oltchim Ramnicu-Valcea (OLT.RO), run for over 20 years by Constantin Roibu, has in the first quarter of this year reached turnover of 464.7 million lei (EUR110 million), 93% m...
Iproeb Posts RON1.6M Profit In 1Q, Up 13% On The Year
Cable maker Iproeb Bistrita (IPRU.RO) on Thursday reported a 13% increase in its first quarter profit, to 1.6 million lei (EUR378,000), from RON1.4 million in the same interval the year befo...
End-Court Rejects PCC Challenge Against EUR100M Loan At Oltchim
A southern Romanian court of appeals irrevocably rejected on May 4 a lawsuit by German PCC SE fighting the decision of Romanian state-owned chemical company Oltchim (OLT.RO) to take out a EU...
AGRI Project Feasibility Requires Bosfor Transit Talks With Turkey
Natural gas delivered through the three-state AGRI route might cost more than the gas Romania imports from Russia, which pins the project’s feasibility on Bosfor transit negotiations with Tu...
Isarescu Says Fuel Price Freeze Would Be Detrimental On Long Run
A price freeze on fuels would be detrimental to Romania on the long run, central bank governor Mugur Isarescu said Thursday.
China May Invest In EUR700M Romanian Power Plant
The Romanian government wants to team up private investors with its Termoelectrica power producer for the construction of two new production units at the Doicesti plant, in a project evaluat...
Romania To Reevaluate Cernavoda Nuke Project; Deadline Deferred To 2019
EnergoNuclear, a joint venture set up to build two additional reactors at Romania’s sole nuclear power plant in Cernavoda, Thursday said the project will undergo a reevaluation following a n...
Tarnita Hydropower Plant To Start Production In 2019
The Tarnita-Lapustesti hydropower plant in Romanian county Cluj will start production in 2019, following an investment estimated at EUR1.028 billion, Thursday said Razvan Cojoc, representati...