ENERGY
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Memorandums For EUR11.5B Energy Projects Signed In Eight Years, None Implemented
New chapters are added to the book of memorandums of Romania’s energy sector every year but no project actually gets off the ground.
Republic Of Moldova Should Not Depend On A Sole Energy Supplier - PM
The Republic of Moldova should not depend on a sole energy supplier as the cutback in energy independence implicitly triggers a narrowing of the state’s independence, Romanian Prime Minister...
Augustin Oancea, The EUR650 Million Man
Augustin Oancea, one of the lowest profile businessmen in Romania, with only a handful of public appearances, has discreetly taken his company, Tinmar Ind, to EUR650 million this year from t...
Second Female Member Of OMV Petrom’s Executive Board, In Charge Of EUR1B Business
Lacramioara Diaconu-Pintea has been put in charge of OMV Petrom’s natural gas and energy unit this summer, an about EUR1 billion business that accounts for 20% of the ‘economy’ of the oil an...
CE Oltenia: Large Subsidies For Renewable Could Bankrupt Classic Operators
Officials of Romanian energy holding CE Oltenia say Romania has the largest subsidies in the world for renewable energy producers and this approach could bankrupt classic operators and endan...
RCS&RDS Only Telecom To Take Concrete Steps To Expand Into Energy Sector
Telecom operator RCS&RDS is the only company in its industry that has taken concrete steps to expand into the energy market so far, becoming an electricity supplier and producer, while its r...
INS: Romania's Power Output Up 3.1% In First Five Months
Romanian electricity output rose 3.1% on the year to 26.97 billion kilowatt-hours in the first five months of 2015, fueled by higher production in the hydropower sector, official data showed...
Deal Transactions With Energy Stocks Hit RON16M On Bucharest Bourse July 7
The shares of state-run gas producer Romgaz Medias (SNG.RO), state-owned power grid operator Transelectrica (TEL.RO) and power supply and distribution company Electrica (EL.RO) were traded T...
Some Soar, Some Plummet In Romania’s Energy Sector
Energy is one of the few sectors in Romania where companies can still post exponential growth or 'disappear' all of sudden after having grabbed hefty slices of the market. The people who are...