Energy
New Wave of Wind Farms: CEZ and Enel to Start Over EUR700M Worth of Plants
Czech-held CEZ and Italian-held Enel, two of the largest European energy groups present in Romania, say they will start work on wind power projects worth over EUR700 million, with the two co...
Economy Ministry Earmarks RON243M For Energy Efficiency Projects
Companies looking to access EU funding worth a total 243 million lei (some EUR60 million) for investment in energy efficiency, can file the literature between May 13 and December 15, the Eco...
Enel Green Power Starts Work On Third Romanian Wind Farm
Enel Green Power, the renewable energy unit of Italian utility Enel, Tuesday said it has started works on its third wind farm in Romania, a 70-MW project in the southeastern county of Tulcea...
PwC: More Renewable Energy Deals In Romania Once Legislation Becomes Clearer
European companies might seek to invest in conventional energy in Romania, but most transactions in the power market will focus on renewable energy production units, especially after legisla...
Rompetrol’s Ecomaster To Invest $2M In Ecological Park In 2011
Ecomaster, the ecologic services unit of Romania’s second largest oil group Rompetrol, will invest around $2 million at its industrial ecological park Ecopark in 2011, general manager Romulu...
MOL Appoints New CEO At Romanian Unit
Hungarian oil and gas group MOL appointed Sunday Kinga Ágnes Daradics as chief executive officer and country retail manager of the Romanian subsidiary, replacing Szabolcs Ferencz.
Transgaz Calls New Shareholder Meeting, Proposes Same Dividend
The managing board of state-owned gas transporter Transgaz (TGN.RO) called a shareholder meeting for June 9, proposing the same value of dividend rejected Friday by the Economy Ministry, whi...
Romanian Petrolexportimport Expects RON0.5M Loss In 2011
Romanian fuel distributor Petrolexportimport Bucharest (PEI.RO) on Monday said it expects to narrow its net loss to 520,000 lei (some EUR128,000) this year, from RON1.5 million in 2010.
Oil Terminal Cuts Working Hours To Slash Costs
Romanian cargo handler Oil Terminal Constanta (OIL.RO) Monday said it will cut working hours to four days per week, implicitly reducing pay, to meet the estimated costs for the first half of...