Saudi Aramco IPO could be worth 100 bln. USD
Saudi Aramco has asked JP Morgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank…
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Economics&Markets
Biomass – the energy promise for environmental issues
The capitalization of biomass as an energy resource seems to be suspended between several decision-making levels (European, national, municipal) and…
Bulgarian state companies to invest 50% of their profits; Romanian to pay dividends
The Bulgarian government has decided that state companies have to invest 50% of their profits for 2016 on behalf of…
European Parliament adopts draft reform of carbon market
The European Parliament on Wednesday (15 February) adopted draft reforms of the EU’s carbon market post-2020 that aim to balance…
China mulls radical output cuts, port coal ban in war on smog
China is considering forcing steel and aluminum producers to cut more output, banning coal in one of the country’s top…
Fondul Proprietatea buys back at 0.91 lei per share
Fondul Proprietatea announced its seven buy back program, of 640 million shares, at 0.91 lei (RON) per share. ”Franklin Templeton…
INS: Turnover in industry increased by 4.7% in 2016
The turnover in the industry sector increased by 4.7% in 2016, compared to 2015 due to the growth of the…
Tesla may launch in India this summer: Musk
Electric car maker Tesla Inc may enter the Indian market this summer, Chief Executive Elon Musk tweeted on Tuesday. Replying…
Havrileț, ANRE: Consumers must impose tougher sanctions to suppliers
The energy supply agreements should contain clearer and tougher sanctions for the unilateral termination, said the President of the National…
ANRE changes the game’s rules: New transparency rules for power suppliers
The National Regulatory Authority for Energy ANRE, requires players on the electricity market to be more transparent, primarily through the…
BP recorded a net profit of 115 million dollars
The British oil company British Petroleum (BP) conducted last year a net profit of 115 million dollars (107 million euros),…