DROUGHT
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Would Shutting Down Alro Make Sense?
Statements by unionists at aluminum refinery Alro Slatina (ALR.RO) of a potential shutdown of the unit caused the company's stocks to drop almost 10% on the bourse. Management declined to co...
Drought Might Cut Farm Production By 50%, Harm GDP Growth In 2012
Low rainfall in the next months will reduce Romania’s production of vegetables by 50%, which will affect the economic growth estimated for next year.
Tabara: Drought Might Affect Romania’s 2012 Wheat Production
This year’s drought might affect Romania’s 2012 wheat production, Agriculture Minister Valeriu Tabara said Friday, adding that the country has enough wheat reserves to cover local consumptio...
Romanian Hydropower Output Slumps Due To Prolonged Drought
A prolonged drought in Romania for the last six months has lowered the output of state-run hydropower generator Hidroelectrica to 6.6% of the country’s total production, from around 30% of t...
How Energy Holding Urged The Chamber Of Commerce To Cancel Hidroelectrica's Force Majeure Notice
Seven companies asked for the annulment of the force majeure notices issued in September by Romania’s Chamber of Commerce and Industry (CCIR), but only Energy Holding, assisted by law firm T...