07.05.2012

While the Romanian state’s most valuable asset, Hidroelectrica, is insolvent, companies that buy energy at below market prices and sell it on make significant profits, ending up with turnovers of more

05.29.2012

Romanian Economy Ministry Daniel Chitoiu signed Tuesday two non-reimbursable financing contracts targeting to build a hydroelectricity plant in Arges county, southern Romania, and a cogeneration unit more

05.24.2012

Romanian meat producer Carmolimp signed contracts of EUR8 million this year with international retail chains, including Mega Image and Metro, which accounts for 20% of the company’s estimated more

05.18.2012

Romanian state-run hydropower generator Hidrolectrica has managed to amend its controversial bilateral electricity contracts signed with corporate clients and had updated its tariffs with current more

04.26.2012

Romanian railway administrator CFR on Thursday signed nine contracts, worth a total EUR183.5 million and financed from European funds, for infrastructure upgrade projects. more

04.26.2012

U.S. oil group Chevron agreed to declassify the contracts signed with Romanian authorities, and the documents will be published Thursday, April 26, on the website of local mineral resources agency more

04.11.2012

Negotiations for the reevaluation of bilateral contracts concluded by state-owned power producer Hidroelectrica are nearing completion, and the result will be announced “soon after Easter”, more

03.23.2012

Romanian contracting authorities will have at most one week after an auction’s legal waiting period ends to sign the winning contract, according to a normative act approved by the Government Friday. more

03.22.2012

Steam generator maker Vulcan Bucuresti (VULC.RO), owned by businessman Ovidiu Tender, on Thursday announced it has won an auction held by Kuwait Oil Company to deliver equipment worth a total $54 more

03.21.2012

Romanian Environment Minister Laszlo Borbely on Wednesday signed contracts worth almost EUR100 million for water supply system rehabilitation in Harghita county (central Romania). more

03.16.2012

State-owned hydropower producer Hidroelectrica started a new round of renegotiations Friday, to amend its bilateral electricity sale contracts, with a plan to conclude the process by the end of March, more

03.13.2012

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

03.01.2012

Hidroconstructia, the largest Romanian construction company, with over EUR232 million in turnover in 2010, has opened a branch in Kircheim, Germany, according to information in the Official Gazette. more

02.24.2012

Romania’s Government has concluded contracts of nearly 5 million lei (over EUR1.1 million), since the beginning of the year, for travel services, cell phone bills, cable television, services for more

02.23.2012

Romanian telecom operators must modify by February 25 the contracts signed with end consumers, and introduce several mandatory clauses regarding consumer protection, telecom regulator ANCOM said in a more

02.20.2012

Companies holding bilateral contracts with Romanian state-owned hydropower producer Hidroelectrica accepted price increases and a 10% to 20% reduction of delivered quantities, as well as a shorter more

02.07.2012

Romanian railway administrator CFR SA on Tuesday signed six contracts for the modernization of two rail sections and four stations, worth a total EUR479 million, while road authority CNADNR signed a more

02.05.2012

Romania should immediately terminate the energy contracts awarded only to certain groups, which cost the budget millions of euros each year, Jeffrey Franks, head of the IMF agreement evaluation more

02.03.2012

Romanian state-owned hydropower producer Hidroelectrica is negotiating direct sale contracts for a 20%-25% increase in delivery prices and a 10%-20% decrease in volumes delivered, the company’s more

01.25.2012

Romanian railway administrator CFR awarded two contracts worth a total of 1.43 billion lei (EUR334 million), without VAT, to upgrade two railway section between Atel (Sibiu) and Coslariu (Alba). more

01.24.2012

Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, the bank more

01.13.2012

Romanian railway administrator CFR and the management authority of the operational program for transport have signed two financing contracts amounting to 258.7 million lei (EUR60 million), VAT more

12.29.2011

Romanian state-owned hydropower producer Hidroelectrica terminated all direct sale contracts it had with SNLO, Salrom and CLMB Patinoar Brasov, while Luxten Lightning ended the contract “for image more

12.20.2011

The ranking of the top ten infrastructure projects awarded this year shows that the Transport Ministry is finally prioritizing spending and moving money from road repairs to highway construction. more

12.16.2011

Romanian Development Ministry state secretary Razvan Murgeanu and Deva mayor Mircia Muntean on Friday signed four financing contracts worth about 37 million lei (EUR8.52 million) through regional more