24 dec 2015

The slump in the oil price from $115 in the summer of 2014 to a staggering $35 in December, the EUR1.7 billion fraud at Petrotel Lukoil, Enel’s decision to stay in Romania and the largest local more

17 dec 2015

The transfer of the majority stake in KMG International (former Rompetrol Group) by KazMunayGas to CEFC China Energy Company Limited is a good thing, says Ion Sturza, the former deputy chief executive more

8 dec 2015

Oscar Downstream, the largest local independent oil company, ended the first half with 830.4 million lei (about EUR186 million) revenue, down almost 6% on the year-ago period, and expects to end the more

4 dec 2015

Czech-held utilities group CEZ operated the highest capital increase in October, injecting about EUR130 million into CEZ Distributie, the heart of the group in Romania, which serves 1.4 million more

3 dec 2015

The EUR650 million revenue estimate for 2015 turned out to be ‘cautious’ for Tinmar Ind, Romania’s largest private energy trader. more

25 nov 2015

Romania’s production of energy resources, coal, oil and gas has been dwindling over the past ten years, yet the market has never been more independent of energy imports. more

19 nov 2015

Romanians see 4-hour power outages in the three areas covered by Enel, the same as Chileans and six times longer than the Italians in the areas where the Italian utilities group operates. Power more

12 nov 2015

Cigarettes, mineral water, soft drinks and sandwiches are among the best-selling non-oil products available in gas stations with hundreds of suppliers vying for contracts with the main gas station more

9 nov 2015

The fuel market in Romania, a EUR10 billion business dominated by four major companies, OMV Petrom, Rompetrol, Lukoil and MOL, is seeing investments completed or in progress by new names. more

4 nov 2015

Romania’s national company in charge of highways and national roads CNADNR is the top profit maker among the 150 largest companies in Romania by revenue. more

3 nov 2015

Cristian Secosan, who took the position of general manager of Romelectro, one of the largest contractors for energy projects in Romania, this fall, says he would like to concentrate a number of more

16 oct 2015

Smart Diesel, a company based in Arad and held by several little known businessmen, had 9.7 million lei (EUR2.19 million) revenue in 2010. It is now headed towards RON545 million from refueling big more

8 oct 2015

In 2004-2005 Romania went through its most important wave of privatizations in the energy sector, when it opened one of the most powerful sectors of its economy to foreign investors. more

7 oct 2015

Romania’s Energy Ministry aims to change the constitutive act of electricity distribution and supply company Electrica (EL.RO) and to increase the board members from five to seven. more

5 oct 2015

Three companies own 56% of all the gas stations in Romania, which makes this market one of the most concentrated in Europe. more

25 sep 2015

Three of the richest energy companies either state-owned or in which the government owns significant stake have about 7 billion lei (EUR1.6 billion) in their accounts. more

17 sep 2015

Romania’s largest energy trader Tinmar Ind held by businessman Augustin Oancea has decided to split up. more

11 sep 2015

MOL has about $2 billion available for acquisitions a year and can raise a further $4 billion from banks, which means a lot of room for acquisitions, says Ferenc Horvath, executive vice president of more

7 sep 2015

Repower Romania, the local subsidiary of the Swiss integrated energy group Repower, says it wants to remain among the top three private electricity traders in this country but does not rule out more

4 sep 2015

New chapters are added to the book of memorandums of Romania’s energy sector every year but no project actually gets off the ground. more

2 sep 2015

Gheorghe Iaciu, the entrepreneur who owns real estate developer Impact Developer & Contractor (IMP.RO), believes he will be able to sell 490 apartments in Bucharest compared with 90 last year and more

28 aug 2015

Grup Servicii Petroliere (GSP), the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, returned to profit in 2014 from 163 million lei (EUR37 million) loss in 2013. more

25 aug 2015

Petromidia refinery, Romania’s largest oil processing unit majority owned by Kazakh state-run oil and gas company KazMunayGas, will enter scheduled one-month overhaul as of September 22. more

25 aug 2015

No other industry has gone from ecstasy to agony in the span of just one year as the green power industry did. more

21 aug 2015

Augustin Oancea, one of the lowest profile businessmen in Romania, with only a handful of public appearances, has discreetly taken his company, Tinmar Ind, to EUR650 million this year from the EUR15 more