04.09.2015

Romania has lost the arbitration case in which it sought payment of 85 million euros from Czech energy group CEZ for alleged failure to meet obligations in the Electrica Oltenia privatization, CEZ more

02.27.2015

From an extremely rigid market, where consumers were captive to suppliers’ satisfaction, energy is now starting to undergo deep changes, compared by people in the field to those of the telecom more

11.12.2014

Czech energy group CEZ reported operating profit of 3 billion Czech korunas (EUR109.07 million) in Romania in January-September, down 6.25% from CZK3.2 billion in the year-earlier period, the group more

09.29.2014

CEZ Vanzare, the retail division of energy company CEZ Romania, estimates operating revenue of RON1.64 billion (EUR371.8 million) this year, 2.3% lower than the RON1.68 billion it posted in 2013. more

09.09.2014

New taxes would considerably hinder companies' decisions to invest in Romania, as pressure on costs is huge, CEZ Romania chief Martin Zmelik said Tuesday. more

09.09.2014

Czech utility giant CEZ will consolidate its Romanian operations and will not exit the market even if it does sell its wind parks in the southeastern region of Dobrogea, but is not interested in more

08.12.2014

Czech energy group CEZ Tuesday reported lower earnings before interest, tax, depreciation and amortization (EBITDA) in Romania for the first half, due to the authorities’ decision to postpone more

08.01.2014

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

07.01.2014

Jan Veskrna, the man who had run CEZ’s Romanian operations since the company entered the local market in 2005, when it bought former Electrica Oltenia, decided to leave as of July 1. more

05.27.2014

Burden on business in Romania is too heavy and the authorities keep raising the tax levels, an official of utility CEZ Romania said Tuesday. more

05.13.2014

Czech power group CEZ AS Tuesday reported first-quarter operating profit before taxes, or EBITDA, of CZK800 million (EUR29.1 million) in Romania, down 55% on the year. more

04.01.2014

Czech-held utilities group CEZ is likely to renounce a minority stake in Fantanele-Cogealac (Constanta) wind farm, a project in which it invested EUR1.1 billion, but which now has no green more

03.11.2014

Romania’s power consumption could increase by 1% to 1.5% on the year in 2014, according to estimates of CEZ Romania utility. more

02.27.2014

Czech power group CEZ AS Thursday reported a 20% annual decline to CZK4.1 billion (EUR158 million) in its 2013 operating profit before taxes, or EBITDA, in Romania, hurt by lower income from green more

02.25.2014

CEZ Romania will continue to invest up to EUR50 million every year in electricity grids, while the Romanian state should invest in production capacities, Adrian Borotea, corporate affairs manager with more

01.29.2014

Romanian power supplier CEZ Distributie, a unit of Czech utility group CEZ, last year invested some 400 million lei (EUR88.5 million) in upgrading its local electricity network infrastructure and more

11.12.2013

Czech power group CEZ AS Tuesday said its third-quarter net profit fell 49% on the year to 3.1 billion koruna (EUR114.8 million), hit by impairment charges at its foreign units, particularly in more

08.13.2013

Czech power group CEZ AS Tuesday reported first-half operating profit before taxes, or EBITDA, of CZK2.8 billion (EUR108.95 million) in Romania, down 6.7% on the year. more

06.30.2013

Renewable energy producers received green certificates worth EUR250 million in the first five months of this year through the state’s support scheme, with the bulk of the money going to major more

06.27.2013

Czech power group CEZ, the largest investor in Romanian wind projects, plans to request a government guarantee that renewable producers will receive payment for the green certificates withheld under more

06.27.2013

Czech power group CEZ AS Thursday said its 2012 net profit in Romania rose over fourfold on the year to 189 million lei (EUR42.5 million), from RON45 million a year earlier. more

05.07.2013

Czech power group CEZ AS Tuesday reported first-quarter operating profit before taxes, or EBITDA, of CZK1.8 billion (EUR70.4 million) in Romania, up 22% on the year. more

03.27.2013

Romania’s southwestern region of Oltenia could derive its energy from solar projects alone, the head of power supplier CEZ Distributie said Wednesday. more

02.28.2013

CEZ Romania, a unit of Czech power group CEZ AS, reported operating profit before taxes of CZK2.6 billion (EUR103 million) from production and trading operations in 2012, more than double on the year, more

02.08.2013

The Romanian state, through Electrica, is seeking justice in Paris in matters concerning European energy giants’ non-compliance with clauses in the privatization contracts. more