ASF adapts its GDR regulation to allow Electrica, Romgaz, FP and Petrom to remain listed at LSE
The Financial Supervisory Authority (ASF) of Romania has launched a draft regulation to adapt the current regulatory framework to Brexit…
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Christina Verchere keeps the helm of Petrom until 2023
The OMV Petrom SA Supervisory Board granted new mandates to the following members of the OMV Petrom Directorate for a…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…
Greenpeace sums up the obstacles perceived by Romanians who want to become prosumers
The Environment Fund Administration has extended its enrollment session to validate installers as part of the program on installing photovoltaic…
Steven van Groningen: The side effects of GEO 114 worry us most
Companies have postponed their investment plans due to GEO 114/2018, and that should worry the most, says Raiffaisen Bank’s president,…
TeraSteel, double-digit growth in 2018
TeraSteel, part of the TeraPlast Group, one of the leading manufacturers of thermal insulated panels and turnkey warehouses in Romania,…
Lukoil invests USD 60 million in a Sicily refinery
Lukoil intends to invest over 60 million dollars in the ISAB refinery in Sicily over the next three years, according…
Hungary is ready to buy gas from the Romanian Black Sea
Hungary is ready to buy gas from the Romanian Black Sea region at market prices, given the diversification of its…
E.ON and Engie support the need for a new tariff liberalization schedule
The two major gas suppliers in Romania, E.ON and Engie, think that a sudden pass from a capped price to…
Gazprom inaugurates construction of Serbian thermal power plant
State-owned Russian energy giant Gazprom has begun construction of a combined cycle thermal power plant (TPP) in Pancevo, Serbia in…
EU regulators scrutinize RWE and E.ON deal
EU regulators will take a hard look at part of the deal between German utilities RWE and E.ON to make…
Ovidiu Demetrescu: There is no national strategy to focus on electromobility
Before developing a national electric car program, Romania should focus on urban mobility, says Ovidiu Demetrescu. “At this point we…
Nuclearelectrica has completed its strategic plan for 2019-2022
The consolidation of energy production, the refurbishment of Unit 1 and the project of Units 3 and 4 in Cernavoda…
Anca Dragu (E.ON): It was expected that the EC would trigger Romania’s infringement
European Commission officials were expected to start infringement proceedings against Romania in the gas sector, as OUG 114/2018 violates the…
Delgaz Grid specialists practice training in virtual reality
The virtual reality learning system at Delgaz Grid’s Education Center in Suceava simulates a three-dimensional space that faithfully reproduces an…
CIS GAZ builds two gas pipelines
CIS GAZ, specializing in pipeline construction and service provision for the oil and gas industry, signed two investment contracts with…
Ministry of Energy: Romania cannot give up coal until 2030
Romania can’t abandon the production capacity of the CE Oltenia until 2030 without an acute energy risk, according to the…
Stab, Engie: I do not like GEO 114. A non-disruptive formula should be found
Romania should define and implement the legislation for the vulnerable consumers, and the Ordinance 114/2018 does nothing but create distortions…
After Italy, Turkey’s economy enters technical recession
Turkey, a major emerging economy once perceived as a rising star by international investors, entered a technical recession (two consecutive…
The price of energy on the spot market is to-day the lowest in the region
The price in the spot market in Romania with delivery on Tuesday has an average of 34.78 euro per MWh…
ICCO Energ has entered insolvency
Marking this year’s second insolvency among the competitive energy suppliers, ICCO Energ, part of the Romanian ICCO group, entered insolvency,…
Annual inflation rose to 3.83% in February
Consumer prices rose by 0.79% in February 2019, compared with the previous month, while annual inflation rose to 3.83%, amid…
ANRE promotes green energy and storage
Power distributors who are required to expand the network should, under certain conditions, offer those who wish to connect to…