EY: The value of oil and gas transactions rose in 2018 due to record of 11% in downstream
The total value of oil and gas transactions increased by 79.7 billion USD in 2018 to 426.8 billion, despite a…
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NuScale and Nuclearelectrica want to bring small modular reactors to Romania
Nuclearelectrica announces that it has signed a Memorandum of Understanding (MOU) with NuScale, a US based company, to exchange business…
SOCAR intends to sell Azerbaijani oil and oil products in Romania
SOCAR’s subsidiary in Romania – SOCAR Petroleum SA plans to sell in Romania oil and oil products produced at the…
ELCEN: Bucharest’s hot water is at risk of being stopped
„The Capital supply of hot water is likely to be stopped in the following period, given that the City Hall…
Romanians bought about 650 green cars in January and February
The number of green cars bought in Romania in the first two months of the year reached 649, up by…
Isarescu: Entry into the Eurozone is no longer a panaceum; if we go unprepared, the problems get worse
Governor of the National Bank of Romania, Mugur Isarescu, said that joining the Eurozone is no longer a panaceum, and…
Bosch assumes full control of electric motor manufacturer EM-motive
Bosch is now assuming full control of EM-motive, one of Europe’s most successful manufacturers of electric motors. Bosch and Daimler…
Prospex Oil and Gas raises funds for Romanian concession
K-based Prospex Oil and Gas has raised 800,000 British pounds (899,562 euro) via a share placing to help fund its…
Moldova’s state-owned supplier requires a 10% increase in electricity tariffs
Electricity supply company Nord SA (FEE-Nord) requested to increase electricity tariffs for 2019. The state-owned company supplies energy to about…
Merkel says Germany needs e-cars for 2030 climate goal, faces “tough decisions”
Germany needs e-mobility to reach its 2030 emissions reduction targets in transport, Chancellor Angela Merkel said, according to Suddeutsche Zeitung.…
Ade Gas Oil strengthens its position in the LPG market
Romania’s competition authority said it will look into the recent takeover by Ade Gas Oil Company of some assets owned…
ICAP: EU ETS price at about 16 euro in 2018, revenues collected at 14 billion euro
The total revenues collected in the EU by the Emissions Trading System in 2018 was of 14.2 billion euro, reveals…
First official information on the mechanism of Contracts for Difference in Romania
The Ministry of Energy has launched in public debate a support mechanism for investors with low-carbon technologies called Contracts for…
E.ON finalizes the first smart street lighting project in Arad County
A substantial reduction in electricity consumption as well as CO2 emissions and, of course, significant savings to the local budget…
Gasoline prices up by another 1% for a total of 8.55% increase in 2019
After one week of stagnation, the upward trend in gasoline prices continues, with an average price increase of 0.92%, the…
The Rabla Plus electric car program subsidized 1,400 purchases
In 2018, over 1,400 eco-vouchers were granted through the Rabla Plus program, deputy prime minister and Environment minister Gratiela Gavrilescu…
Transgaz proposes dividends worth 255 million lei
The Transgaz Board of Directors proposes to grant dividends for the year 2018 in the amount of 255.02 million lei,…
Petrom paid the Romanian government 30% more taxes in 2018
The taxes paid by Petrom last year rose substantially from those in 2017, both as a result of higher profits…
ANRE is looking for its own energy and gas supplier
The National Regulatory Authority for Energy – ANRE is looking for a supplier of electricity and natural gas for its…
Foreign direct investment rose by 88.5% in January
Foreign direct investment grew by 88.5% in the first month of this year to 362 million euro, compared with 192…
Teodorovici: The final form of GEO 114 will be discussed at coalition level
By the end of March, the Government Emergency Ordinance 114 will be amended and there is no impediment until then…
Mark Davis is the new EBRD director for Romania, investments to rise
A high level EBRD delegation led by Jurgen Rigterink, First Vice President, and Alain Pilloux, Vice President, Banking, arrived in…
Mergers and acquisitions in the European energy sector increase 2.5 times – EY
Global energy and utilities’ trading activity reached a record high in 2018, a 28% increase in total transaction value to…