Energy
OMV Petrom 1Q Gas Sales Down 0.7% On Year
Romanian leading oil company OMV Petrom (SNP.RO) reported a 0.7% decline in natural gas sales to 1.46 billion cubic meters in the first quarter, from 1.47 billion cubic meters in the year-ea...
Electroputere Sees RON12.8M In 2011 Net Profit
Romanian electric engine maker Electroputere Craiova (EPT.RO) estimates it will swing to profit in 2011, after five consecutive years of losses.
Uztel Expects Swing To RON7.2M Profit In 2011
Romanian machinery maker Uztel Ploiesti (UZT.RO) expects to switch to a net profit of 7.2 million lei (EUR1.77 million) this year, after a loss of RON17.6 million in 2010.
BCR To Fund Wind Farm Project With EUR23M
Lender Banca Comerciala Romana will give EUR23 million to Portuguese Martifer for a wind farm project in southeast Romania.
OMV Says Won’t Bid In Petrom SPO
Austria’s OMV, majority owner in Romanian leading oil company Petrom (SNP.RO) Tuesday said it won’t participate in a 9.84% secondary public offering in Bucharest slated to take place in the...
OMV Petrom OKs RON0.0177 Dividend From 2010 Profit
Romanian leading oil company OMV Petrom (SNP.RO) Tuesday approved paying out total dividends of over 1 billion lei (over EUR245 million) from the 2010 profit, a shareholder who wished to rem...
Romania To Sell Copper Mining Company On Bourse In 2H
The Romanian government intends to sell copper mining company Cupru Min Abrud on the Bucharest bourse in the second half of this year, according to an official reform plan obtained by MEDIAF...
Romania Power Output Seen At 88.5 TWh In 2035
Romanian power output is estimated to grow 66% to 88.5 TWh by 2035, from 54.7 TWh in 2010, with most of the energy coming from nuclear and wind plants, according to a draft action plan from...
US Adama Technologies May Sell Bucharest Energy Project For $15M
Adama Technologies Corp, an US-based clean-tech company, Wednesday said it has signed a non-binding agreement to sell the rights to a renewable energy project in Bucharest for about $15 mill...