Clarke Energy acquires TEB of Romania and its Greek subsidiary, Genelco
Bogdan Tudorache Clarke Energy, a Kohler Company, is expanding its geographical reach through the acquisition of TEB Energy Business of…
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Cristina Pruna: The state received 1.93 bln. lei from natural gas production taxation, in the first eight months
The Romanian state received from the taxation of the natural gas production 1.93 billion lei, in the first eight months…
Oprescu (ARB), regarding the change of GEO 114: The tax on assets can be canceled; however, the IRCC amendment requires analysis
The modification of GEO 114 in order to eliminate the tax on bank assets can be done immediately, but changing…
Primary energy production decreased by 1.7%, in 2018, imports increased by 4.2%
Primary energy production decreased by 1.7% in 2018 compared to the previous year, imports of energy resources increased by 4.2%,…
Mînzatu: Jiu Valley could benefit from special EU funds
Jiu Valley could benefit from special European funds in the next financial year 2021-2027, through allocations of Integrated Territorial Investment,…
Import of electricity – the main source of energy supply
Romania consumed 1,470 MW of electricity on import, on Friday around noon, more than it obtained from its main internal…
Finance minister says Germany to issue environment bonds
German finance minister Olaf Scholz has said the government intends to issue state bonds dedicated exclusively to financing sustainable projects…
Court in Germany rejects lawsuit supported by Greenpeace against Merkel govt over alleged climate action neglect
A court in Germany has rejected a lawsuit filed against the German government for not doing enough to avert global…
FP expresses its disappointment with the recent statements of Badalau
Bogdan Tudorache Fondul Proprietatea (FP) expressed ”its extreme disappointment„ with the recent statements of the outgoing Economy Minister, Niculae Badalau,…
Poor quorum at OIL Terminal’s GSM
The majority shareholder, the Romanian state, did not attend in the last shareholders meeting (GMS) of the Oil Terminal. The…
France is eyeing nuclear power again, may build six new reactors
After years of backing away from nuclear power, France suddenly wants to build six huge reactors. This week Le Monde…
The court rejects the CE Hunedoara insolvency; the state can swap debt to equity
Bogdan Tudorache Following the adoption by the Deputies of the law of debt-to-equity swap for coal and thermal energy companies,…
ANRE: Gas suppliers have stored 30% more for winter than the minimum stock
Gas suppliers have deposited 2.8 billion cubic meters of gas for this winter, 30% more than the mandatory minimum stock…
Greenpeace launched the 2018 Report of Illegal Forest Cuts
Bogdan Tudorache Greenpeace Romania yesterday launched the Report of Illegal Cuts 2018, an analysis based on the official figures regarding…
RADET requested the City Hall to pay the subsidy for only 32% of the energy
Bogdan Tudorache Following investigations initiated by Sierra Quadrant, the administrator of ELCEN, it turns out that RADET requested a subsidy…
Germany allows new coal plant to enter service despite phase-out
German utility Uniper has been given the green light to start commercial operations at its new 1.5-billion-euro Datteln 4 coal-fired…
MOL Romania: Gas sales up 12%, diesel rose 7.5%
Bogdan Tudorache MOL Group revised positively its yearly current costs result, whilst in Romania, MOL’s retail fuel sales registered significant…
Transgaz inaugurated the second new compression station on the BRUA pipeline, at Jupa
Transgaz inaugurated the natural gas compression station (STC) in Podișor (Giurgiu county), an over 22 million euros worth investment. STC…
Bulgaria pledges to US Ambassador that works at the Greece pipe will finish next year
Bulgarian Energy Minister Temenuzhka Petkova and US Ambassador Extraordinary and Plenipotentiary to Bulgaria Mrs. Herro Mustafa have confirmed that they…
TeraPlast Group improves profitability and reaches RON 719 million revenue in the first nine months of 2019
Bogdan Tudorache TeraPlast Group`s EBITDA, the largest Romanian manufacturer of construction materials, rose by 29% in the first nine months…
Naftogaz takes into account the Romanian gas
Naftogaz takes into account, in case it will not reach an agreement with Gazprom for the continuation from January 1,…
ASF has approved the prospectus for the increase of the share capital of Electrica
The Financial Supervisory Authority approved on Wednesday the simplified prospectus related to the issuance of a maximum number of up…
Cornel Feruță lost the competition for the head of the International Atomic Energy Agency
Argentine diplomat Rafael Grossi was elected on Tuesday to head the International Atomic Energy Agency (IAEA), according to The New…