23 sep 2014

The almost EUR1 billion investments carried out in the past two years in two of Romania’s largest refineries, Petromidia and Petrobrazi, are likely to completely wean the local market off imports of more

16 sep 2014

Electrica (EL.RO), the largest electricity distribution and supply company in Romania, which is 48.7% state-owned, is officially looking for a consultant for its bid for some of its former branches more

16 sep 2014

OMV Petrom (SNP.RO), the largest local oil company, can produce about 47% of the fuel Romania needs, following completion of the EUR600 million upgrade at its Petrobrazi refinery (Ploiesti). This is more

15 sep 2014

For Rompetrol, Romania’s second largest oil group, the option of buying gas filling stations is now more likely because only one of the 15 gas stations the company was planning to open this year has more

4 sep 2014

Romanian leading oil company OMV Petrom (SNP.RO) says that certain filling stations that do not meet the company’s standards in terms of sales volumes are likely to be sold, and, according to market more

3 sep 2014

The first six months of 2014 brought a record in terms of Romania’s energy exports, with domestic producers sending over 3 terawatt hours of electricity abroad, the highest level since 2007, the more

31 aug 2014

Five companies owned by Romanian entrepreneurs in 2013 raked in almost EUR1 billion from fuel trade and four of them have just 360 employees overall. Romania has only 50 domestic-held companies with more

27 aug 2014

The first half of this year was horrendous, says Gehrig Schultz, general manager of geological exploration company Prospectiuni Bucuresti (PRSN.RO), and chances are slim for the company to meet its more

21 aug 2014

Companies such as Smart Diesel, Turist Service, Rombeer Cringasu or Alsacom, run by little known businesspeople, have been striving to resist competition from companies such as OMV Petrom, Rompetrol, more

20 aug 2014

China’s State Grid Corporation, the world’s largest electricity distribution company, is interested in buying the electricity business Italy’s Enel has for sale in Romania. more

19 aug 2014

Romania used 3.2% less electricity in the first half, as well as 4.7% less natural gas and almost 3% less fuel. more

19 aug 2014

The 16 bookstores of the Carturesti chain, a business started in 2000 by two Romanian entrepreneurs, Nicoleta Dumitru and Serban Radu, sold one million Romanian and foreign books and posted about more

18 aug 2014

The takeover of the 42 Agip gas stations that Italy’s ENI had in Romania helped Hungarian-held MOL consolidate its position in the south of the country and expansion plans will continue, says Kinga more

8 aug 2014

Rooftop photovoltaic panels and the small biomass power plants that can turn agricultural waste into electricity will be the ones to generate the new renewable energy investment boom, after more

5 aug 2014

The 15 largest companies managing wind projects in Romania generated total revenue of more than EUR400 million last year, operated with a 24% profit margin, among the best in the local economy, and more

1 aug 2014

CEZ Romania will stay on the local market, as it believes Romania has potential, but will not pursue any major development plans for the time being, says chief executive officer Martin Zmelik. more

31 iul 2014

Stefan Bucataru, who filled the position of general manager of Transelectrica for ten months, took over the reins of Agricover SRL, the most important company of agribusiness group Agricover. Bucataru more

30 iul 2014

OMV Petrom (SNP.RO), the only local oil and gas producer, will step up exploration efforts to discover new oil and gas reserves. To that end it has completed a EUR0.5 million investment in a 3D more

29 iul 2014

In early 2014, Romania’s energy watchdog ANRE launched several estimates about the capacities set to be installed in green energy projects this year, with the latest one indicating EUR2.4 billion more

25 iul 2014

US giant General Electric will operate exports worth $110 million from Romania this year, almost 60% higher than last year’s, with the main growth driver being the takeover of Lufkin group’s oil more

23 iul 2014

“We export nice quantities,” says Octavian Lohan, member of Transelectrica managing board and the one who runs Romania’s Energy Center, the brain of the domestic electricity grid. more

23 iul 2014

Austria’s OMV, which controls Romania’s leading oil and gas company Petrom (SNP.RO), invested EUR41 million to start activities at the OMV Petrom Global Solutions service center of Romania. more

21 iul 2014

Hidroelectrica, Romania’s largest energy producer which went insolvent for the second time in early 2014, ended the first half of 2014 with gross profit of 509 million lei (EUR115.6 million), a more

16 iul 2014

Complexul Energetic Oltenia reported revenue of around 1.25 billion lei (EUR284 million) and net profit worth RON15 million for the first half of this year. One of 1H’s novelties was the setting up more

15 iul 2014

The decision of Italy’s Enel to sell its Romanian energy distribution and supply operations is likely to strengthen the position the Romanian state has in this field should Electrica be interested more