CONTRACTS
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EU Launches Inquiry Into Electricity Deals Between Hidroelectrica, ArcelorMittal Galati
The European Commission has started an official inquiry into possible preferential tariffs at Romanian state-run power company Hidrolectrica after preliminary findings revealed two of the co...
Energy Trader Makes Four Times More Money Than Hidroelectrica
While the Romanian state’s most valuable asset, Hidroelectrica, is insolvent, companies that buy energy at below market prices and sell it on make significant profits, ending up with turnove...
Economy Minister Signs RON150M Contracts For Energy Investments
Romanian Economy Ministry Daniel Chitoiu signed Tuesday two non-reimbursable financing contracts targeting to build a hydroelectricity plant in Arges county, southern Romania, and a cogenera...
Meat Packer Carmolimp Signed EUR8M Contracts With Retailers Including Mega Image, Metro
Romanian meat producer Carmolimp signed contracts of EUR8 million this year with international retail chains, including Mega Image and Metro, which accounts for 20% of the company’s estimate...
Romanian Railway Admin Signs EUR183.5M Contracts For Infrastructure Projects
Romanian railway administrator CFR on Thursday signed nine contracts, worth a total EUR183.5 million and financed from European funds, for infrastructure upgrade projects.
U.S. Oil Group Chevron Agrees To Declassify Contracts In Romania
U.S. oil group Chevron agreed to declassify the contracts signed with Romanian authorities, and the documents will be published Thursday, April 26, on the website of local mineral resources...
Government Eliminates Delays In Signing Winning Contracts
Romanian contracting authorities will have at most one week after an auction’s legal waiting period ends to sign the winning contract, according to a normative act approved by the Government...
Vulcan Bucuresti Inks $54M Deal With Kuwait Oil Company
Steam generator maker Vulcan Bucuresti (VULC.RO), owned by businessman Ovidiu Tender, on Thursday announced it has won an auction held by Kuwait Oil Company to deliver equipment worth a tota...
Borbely Signed Contracts Worth EUR100M For Water Management In Harghita
Romanian Environment Minister Laszlo Borbely on Wednesday signed contracts worth almost EUR100 million for water supply system rehabilitation in Harghita county (central Romania).