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ECONOMY MINISTRY

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Record-High Profit At Romgaz: Romania's Largest Natural Gas Producer Reaches Net Result Of RON1B
Energy

Record-High Profit At Romgaz: Romania's Largest Natural Gas Producer Reaches Net Result Of RON1B

Romgaz Medias, Romania’s largest gas producer and the most profitable state-run company, last year reached a net profit of over 1 billion lei (around EUR0.22 billion), 35% more than the prel...

Radu Bostan · 29.05.2012 · 00:00 · 1 min
GDF Suez Energy Romania Wins RON66M Financing For Network Upgrades
Energy

GDF Suez Energy Romania Wins RON66M Financing For Network Upgrades

Romanian Economy Ministry has awarded a 66 million lei (EUR14.8 million) financing to the local unit of French utility GDF Suez for upgrade works at the Bucharest natural gas network, the mi...

Florentina Dragu · 21.05.2012 · 18:11 · 1 min
KazMunayGas Invites Romania To Set Up Joint Venture In Kazakhstan
Energy

KazMunayGas Invites Romania To Set Up Joint Venture In Kazakhstan

Kazakh state-run oil and gas company KazMunayGas wants to attract Romanian capital for a joint well services company in the Asian country, the Romanian Economy Ministry said in a statement M...

Shutterstock · 21.05.2012 · 17:40 · 1 min
Economy Ministry To Transfer Control Of Transelectrica, Transgaz
Energy

Economy Ministry To Transfer Control Of Transelectrica, Transgaz

Romanian Economy Ministry may have to transfer its control over the shares of state-run power grid operator Transelectrica (TEL.RO) and natural gas transporter Transgaz (TGN.RO) to other min...

Florentina Dragu · 16.03.2012 · 15:08 · 1 min
State-Owned Energy Companies Post Record-High Results
Energy

State-Owned Energy Companies Post Record-High Results

The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy comple...

Radu Bostan · 27.02.2012 · 00:00 · 3 min
Economy Ministry: Romania's Gas Consumption To Drop In The Next Days
Energy

Economy Ministry: Romania's Gas Consumption To Drop In The Next Days

Romanian natural gas consumption is expected to drop by around 2.5 million cubic meters a day over the weekend, due to lower activity in the industry, the Economy Ministry said in a statemen...

Florentina Dragu · 03.02.2012 · 15:34 · 1 min
Romania Gas Consumption Hits New Record As Freezing Weather Set To Stay
Energy

Romania Gas Consumption Hits New Record As Freezing Weather Set To Stay

Romanian natural gas consumption rose to yet another record of 72.7 million cubic meters a day Wednesday, from 71.5 million cubic meters in the previous day, while the freezing weather that...

Florentina Dragu · 02.02.2012 · 14:24 · 1 min
Energy

Economy Ministry: Natural Gas Output At Full Capacity

Romanian natural gas consumption rose to a record 71.5 million cubic meters a day Tuesday, while companies are producing at full capacity to cover the increasing demand due to extremely cold...

Florentina Dragu · 01.02.2012 · 19:36 · 1 min
Social/Politics

CNH Employees Laid Off In 2011 Will Receive New Tranche Of Severance

Romania's Economy Ministry has signed a protocol with the miners' unions in national coal company CNH Petrosani, regarding the payment of a new tranche of severance pay to employees laid off...

Radu Bostan · 18.01.2012 · 18:27 · 1 min