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Enel: Romania Must Balance Investment, Power Generation Strategies
Romania must find a balance between energy investment and its not too profitable power generation industry, the head of utility company ENEL Romania said Wednesday.
Petrom Plans One Month Shutdown At Brazi Plant - Exec
Romanian top oil company OMV Petrom (SNP.RO) has planned a one-month shutdown of its Brazi thermal power plant in the second quarter to install a gas treatment unit, the company’s chief said...
OMV Petrom Eyes EUR1B Investment In 2013
Romania’s biggest oil and gas company OMV Petrom (SNP.RO) Thursday announced full-year investment of EUR1 billion for 2013, similar to last year’s figure.
Greek Investor Papalekas Continues Distressed Asset Acquisition
Low-profile Greek businessman Ioannis Papalekas, who bought bankrupt City Mall and insolvent Tower Center office building in Piata Victoriei in downtown Bucharest, completed another major ac...
Why Main Street Retail Isn’t Working In Bucharest
Dozens of empty stores are waiting for tenants on the boulevard connecting Piata Unirii and Piata Romana in the center of Bucharest.
Iulius Group Plans EUR12M Investment In Park Landscaping, Office Building
Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, on Tuesday said it plans to develop an EUR12 million project which includes landscaping a park in Cluj-Napoca, in...
Michelin Buys 20 Hectares Of Land For New Investments
Tire manufacturer Michelin bought 20 hectares of land in Zalau (NW Romania) for EUR1.6 million to expand its plant.
EWEA: Romania To Become Top User Of Wind Energy In Europe
Romania’s wind energy sector has one of the fastest growth rates in the European Union and the country is poised to become one of the leading users of wind power in the old continent, a repo...
Promocion Inversolar 65 Close To Completing EUR100M Photovoltaic Project In W Romania
Spanish company Promocion Inversolar 65 is close to finishing works on a EUR100 million photovoltaic park in Sebis town, in Romania’s western county of Arad.