Social/Politics
Oltchim Revenues Halve To EUR79M In January-August
Romanian insolvent state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) registered total revenues of EUR79 million in the first eight months of 2013, down EUR73 million on the year, ac...
BNR's Olteanu: Romania Central Bank Has Moral, Legal Duty To Buy Gold At Best Price
The Romanian central bank has a “moral and legal duty” to purchase gold at the best market price and any future acquisition will me made according to the highest standards, deputy governor B...
Romanian Gas, Energy Suppliers Are Owed EUR1B In Unpaid Utility Bills
Unpaid utility bills due to price increases caused some of energy and natural gas suppliers in Romania to enter insolvency, Thursday said Silvia Vlasceanu, general manager of the association...
Natural Gas Prices To Rise Less Than Expected In October, Says ANRE Head
The Romanian energy regulator ANRE Thursday said natural gas prices won’t increase as much as initially expected in October, as the country has stored enough cheap gas from local producers f...
Romgaz Considers London Listing Of GDRs
Romanian state-run natural gas producer Romgaz could raise 200 to 220 million euros at a planned public offering of 15% of its shares in Bucharest and is considering listing global depositar...
ANRE: Lower Electricity Prices Makes Deregulation Easier
Romanian energy watchdog ANRE Thursday said that price deregulation in the sector is going more smoothly than expected as a decline in electricity production triggered lower prices in the ma...
Romgaz's Priority: Stopping Production Decline
The main target of Romania’s state-run natural gas producer Romgaz is stopping the production decline, an Energy Ministry official said Thursday.
New Energy Strategy Must Serve Interests Of Private Sector, Households - Official
Romania’s future national energy strategy must serve the interests of the private sector and household consumers, rather than those of the state, Gabriel Dumitrascu, head of the Energy Depar...
Romanian Trading Companies Must Comply With New EU Customs Norms Starting Nov 1
Romanian companies involved in international trade must comply with the new Community customs norms to take effect on November 1, KPMG said in a press release Thursday.