14 oct 2011

Energy investments completed in Romania in 2011 make it the best of the past 20 years, as the value of new electricity projects is around EUR2 billion. more

14 oct 2011

Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies. more

13 oct 2011

The government’s latest bid to reorganize the national energy system, through the creation of complexes Oltenia and Hunedoara, is seen by specialists as a better idea than the two previous ones, more

13 oct 2011

EDP Renovaveis (EDPR), the renewable energy division of Portuguese group Energias de Portugal, has completed another wind farm in southeast Romania, following an investment of EUR100 million. more

13 oct 2011

The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Petrom more

11 oct 2011

The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take more

6 oct 2011

The depths of the Black Sea lure another major oil company after Petrom and ExxonMobil, as Russian-held giant Lukoil announces it is ready to invest up to $300 million in exploration. The Black Sea more

4 oct 2011

Cristian Secosan, general manager of Siemens Romania, says 2011 brought a significant increase in orders, so despite all uncertainties that put economic growth to the test this year, the German more

29 sep 2011

OMV Petrom (SNP.RO), the largest Romanian company, is looking into the possibility of selling about 130 gas stations, almost one quarter of its entire network, to Gazprom's Serbian subsidiary, NIS. more

26 sep 2011

Utility giant E.ON is going through one of the most challenging periods in its history after Germany decided to completely discard nuclear power until 2022. Romania, a market of over EUR1 billion for more

22 sep 2011

Technical skills and knowledge of several foreign languages are the main advantages of the Romanian workforce, says Saulo Spaolanse, who took the reins of the local operations of Schneider Electric more

21 sep 2011

The energy export contract signed by Romania’s largest energy production companies and the local branch of Serbian energy group Rudnap, will be extended through the end of the year, even though it more

15 sep 2011

Shale gas, maybe the most fashionable fuel of the moment, has been on the agenda of the talks between Romanian and U.S. officials during the recent visit of the Romanian authorities to Washington. more

12 sep 2011

Nestle, leader on the Romanian ice cream market, says a new demand trend is arousing: products that can be eaten at home are gaining ground, as customers are beginning to see ice cream as a dessert more

7 sep 2011

Serbian-held NIS, an oil business worth over EUR1.5 billion that is controlled by Russian giant Gazprom, started seeking executives for its office in Romania, a market that is one of the company’s more

6 sep 2011

The 35 largest state-owned companies last year generated overall turnover of nearly EUR10 billion, but made no profit, with their total losses amounting to almost EUR500 million. Ziarul Financiar more

31 aug 2011

Businessman Gabriel Comanescu, owner of the most powerful domestic business in the hydrocarbon drilling industry, took another step in developing Grup Servicii Petroliere (GSP), the jewel of the more

30 aug 2011

Energy Holding, the best-known electricity trading business set up in the early '00s by Bogdan Buzaianu, lost the leading position in the ranking of private electricity traders to Tinmar Ind, a more

23 aug 2011

The ten largest wind energy projects now operating in Romania have a total installed capacity of over 700 MW, matching that of a nuclear reactor at the Cernavoda power station. Investments in these more

17 aug 2011

OMV Petrom (SNP.RO), Romania’s leading oil and gas producer, will find out in less than a month whether it can still prospect for resources on 10 blocks, as negotiations with Romanian authorities more

15 aug 2011

The 200 MW wind farm Verbund is building in Casimcea commune, Tulcea county, has started catching shape, and the investment of some EUR300 million is the first major project Austria’s largest more

11 aug 2011

OMV Petrom (SNP.RO), the largest Romanian company, reported rising financial figures again though the market was characterized by shrinking fuel demand. Price hikes offset the consumption decline, more

9 aug 2011

Galati county has become the star of the year in terms of the number of wind energy projects that have won network connection contracts. Vaslui, Botosani and Suceava also caught the interest of wind more

5 aug 2011

Over 20 years, Cluj-based EnergoBit built a group with turnover of over EUR100 million, which has ended up competing on an equal footing with all major international companies on the energy equipment more

3 aug 2011

Bucharest’s public transportation corporation (RATB) is trying to secure its necessary fuel volumes for the next four years through a contract worth over EUR100 million, a company announcement more