26 mar 2012

Rompetrol, the second-largest player on the Romanian oil market, is preparing for major changes, as the $6.8 billion (EUR4.5 billion) business awaits a new CEO, who will also come from Astana, the more

20 mar 2012

The bill on electricity and the organization and operation of the energy market watchdog, ANRE, approved by the government at the end of last week and sent to the Parliament, includes some new things more

17 mar 2012

With two exceptions, every bill paid by Romania over the past eight years for natural gas supplied through intermediaries from Russia has been higher than $1 billion. Last year, the cost was $1.57 more

14 mar 2012

Norway’s Renewable Energy Corporation (REC), one of the world’s largest makers of equipment for solar farms, whose revenue stood at about EUR1.8 billion in 2011, is interested in the Romanian more

13 mar 2012

In 2001, the newly incorporated Hidroelectrica, the cheapest electricity producer created by the reorganization of the Romanian energy system, signed its first direct contract to sell power, as well more

8 mar 2012

The manager of Fondul Proprietatea (FP.RO) has hired US investment bank Citigroup to find buyers for EUR527.6 million worth of shares it holds in 13 energy and natural gas distribution companies more

8 mar 2012

This year started in full gear for renewable energy producers, as they got almost EUR27 million in their accounts in January from the green certificates received for generating power using wind, more

2 mar 2012

Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that one of the more

27 feb 2012

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 complexes in more

24 feb 2012

Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Petrom has more

23 feb 2012

One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline liter is more

23 feb 2012

About a year ago, Spanish-held Siliken, an approximately EUR500 million business specializing in solar panel manufacturing, started operations in a plant in Timisoara, after investing EUR5 million in more

10 feb 2012

Wind farms have been disconnected from the system, distributors have suffered millions of euros in damages and 50,000 residents in small towns have been left in the dark. more

31 ian 2012

Producers of energy from renewable sources, such as wind, sun and water, last year collected over EUR95 million from green certificates received for the electricity delivered into the system. Green more

25 ian 2012

Titov Buzescu, retail vice-president of Rompetrol, the second-largest oil player on the Romanian market, said cost cuts went ahead in 2011, but investments also continued. more

20 ian 2012

The beginning of the year is extremely busy for Mihut Craciun, the general manager of Kandia, after the Romanian chocolate maker bought the Supreme Chocolat (Primola) business from the Lebanese-born more

20 ian 2012

Warm winter should be good news for wind farm builders, but this time the lack of rain and snowfall created a problem. Since very big equipment (a wind turbine is around 100-meter tall), is carried on more

18 ian 2012

US industrial giant General Electric says Romania is easily among the top five most attractive European countries for green energy investors, with the main driver continuing to be wind farms, a more

18 ian 2012

Italy’s Enel, which became the largest energy distributor in Romania following privatizations, is close to complete 292-MW wind power projects worth over EUR400 million, according to ZF estimates. more

18 ian 2012

The start of 2012 brings new investments in wind farms, the most dynamic segment of the Romanian energy sector in the past two years, with projects with a capacity of around 1,000 MW and worth over more

16 ian 2012

Solar energy projects have caught speed on the Romanian market, with 51 such projects currently under construction, which entail investments of around EUR500 million, according to data of transmission more

13 ian 2012

Since the beginning of the year, namely in less than two weeks, gasoline and diesel fuel prices have grown by 3%, with the latest increase operated by OMV Petrom (SNP.RO), the largest company in the more

11 ian 2012

The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a type of more

9 ian 2012

The end of last week came with another increase in the pump price by 0.8 lei of both gas and diesel operated by Petrom. This is the second hike this year. more

6 ian 2012

Dutch group SHV, world leading liquefied petroleum gas (LPG) distributor, has decided to withdraw from the Romanian market only three years after its entry. At the end of 2008, the group bought the more