Energy
Switch From Central Heating To Cogeneration Might Cost EUR2.5B
The replacement of central heating systems with high-efficiency cogeneration units could cost EUR2.5 billion, Monday said Dan Gheorghiu, leader of Romanian energy system design institute ISP...
Uton Onesti Swings To RON6.7M Loss In 2010
Romanian industrial boilers producer Uton Onesti (UTN.RO) switched to a net loss of 6.69 million lei (EUR1=RON4.0966) in 2010, from a net profit of RON300,000 the year before, according to f...
Court Of Appeals Rejects Setup Of Romanian Pwr Holding Hidroenergetica
The Bucharest Court of Appeals has rejected Romanian state-owned hydropower producer Hidroelectrica's request to allow the merger of several power companies into the national power holding H...
Economy Minstry To Install Private Management In 25% Of Its Companies
Romania's Ministry of Economy this month will begin procedures to install private management in a quarter of the companies under its authority.
Oltchim Expects Swing To RON2.1M Profit In ‘11
Romanian state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) on Friday said it expects a switch to a profit of 2.1 million lei (EUR1=RON4.0966) this year, after four years of loss,...
OMV’s Romanian Energy Trading Unit Starts Activity
Austrian oil group OMV on Friday announced, without additional details, that its Romanian energy trading unit, OMV Trading, completed its first energy deal.
Romanian Enol Grup Bucuresti Sees ’11 Sales Up 18% YY, To RON70.8M
Romanian Enol Grup Bucuresti on Friday said it expects sales to rise 18% on the year in 2011, to 70.8 million lei (EUR1=RON4.0966), from RON60 million in 2010.
Court Allows Rompetrol Rafinare Delisting, Appeal Pending
The Bucharest Court of Appeals decided securities regulator CNVM should pay The Rompetrol Group 1 million lei (EUR1=RON4.0966) in moral damages after the blocked delisting of Rompetrol Rafin...
Oltchim Plans New Restructuring Scheme
Romanian state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) plans a new restructuring scheme, since the current one is deemed too slow and ineffective, according to the agenda for...