Teletrans turned into profit in H1, after closing 2019 in red
Teletrans results for the first half (H1) of this year are remarkable, the company managing to achieve a positive financial…
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Competition analyzes the takeover by Rompetrol Downstream of the nine petrol stations operated by Comision Trade
Competition Council analyzes the transaction through which Rompetrol Downstream SRL intends to take over the right of use over nine…
Gazprom expects gas exports to Europe in 2020 at 170 bln cubic meters
Gazprom expects “with cautious optimism” gas exports to Europe in 2020 to reach 170 bln cubic meters, department head at…
Tesla batteries could power electric planes within three years
Elon Musk has said advances in battery technology could make electric planes commercially viable within three years. The Tesla boss…
US approves NuScale’s small modular reactors
US Nuclear Regulatory Commission has given its final agreement to the project of small modular reactors (SMR), a technology developed…
EU: New rules on greener and safer cars
The EU regulation on car type-approval and market surveillance, which significantly revises and limits the previous type-approval and market surveillance…
Fiscal Council: The starting point of the budget deficit for 2021 would be of at least 7.5% of GDP
The starting point of the budget deficit for 2021 would be at least 7.5% of GDP, even in the conditions…
Coal company LEAG starts demolition of eastern German mining town
Coal company LEAG says it is dismantling buildings in the Sorbian town of Mühlrose in the eastern Lausitz region as…
ANRE: Failure to comply with the gas supply obligation is sanctioned with a fine of 5-10% of turnover
Contracts for the sale and purchase of gas on the wholesale market concluded after July 1, 2020, regardless of the…
German gov’t plans renewables expansion push to reach Germany’s 2030 target
A faster deployment of more renewable installations that run into less problems with citizens and are able to quickly survive…
Electrica has started diversification – the subsidiary Electrica Furnizare has completed the acquisition of the Stănești Photovoltaic Park
Bogdan Tudorache Electrica started the diversification process, by taking over a 7.5 MW photovoltaic park, according to a report of…
FP announces a loss of over 848 million lei in H1, mainly due to the decrease of Petrom shares
Bogdan Tudorache Fondul Proprietatea announced a loss of 848.6 million lei for the first half of this year (S1), it…
EC: EU gas production fell by 23% in Q1, with Romania in second place
The European Union’s gas production fell by 23% in the first quarter of this year (Q1), while Romania remained second…
Romania imported over 1,400 MW of electricity Monday morning
Romania imported on Monday, in the first part of the day, more than 1,000 MW of electricity, exceeding even 1,400…
OMV Petrom completes the acquisition of OMV Offshore Bulgaria, entering Han-Asparuh offshore exploration block
OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares…
Competition analyzes the outsourcing operation of some services by OMV Petrom
Competition Council analyzes the transaction through which OMV Petrom SA outsources to J. Christof E&P Services and Christof Private Firefighting…
Nuclearelectrica reconnected Unit 2 of Cernavoda NPP to the National Energy System
Nuclearelectrica announced the resynchronization of Unit 2 of Cernavoda NPP to the National Energy System on August 31, 2020, at…
TeraPlast proposes to shareholders a maximum dividend of 48 mln. lei
The Board of Directors of TeraPlast SA intends to submit to the shareholders’ approval the proposal for the distribution of…
Electrica: Inclusion in the “black list” of the Competition violates the rights and harms the company’s image
Bogdan Tudorache The inclusion of Electrica in the “black list” published by the Competition Council violates the rights and harms…
Portuguese tender’s preliminary results show positive outcome for Enel
Endesa Generación Portugal, a subsidiary of Enel Group’s Spanish company Endesa, was awarded 99 MW of solar and storage capacity…
Government defines the attributions of the Directorate for Energy Efficiency by emergency ordinance
Bogdan Tudorache Ministry of Economy and Energy (MEEMA) launched in public debate the project for amending and supplementing Law no.…
Frank Hajdinjak: It is very difficult for the final consumer to understand the liberalization of the energy market
Total liberalization for household customers will lead to increases in final bills for final consumers in the electricity market, as…
Platts: Ungheni-Chisinau gas pipeline will not be an alternative to Russian gas
According to an analysis by S&P Global Platts, the new Ungheni-Chisinau gas pipeline will strengthen the negotiating position of the…