Economics&Markets
Dumitraşcu: We need investments of 30 billion euro, Electrica will bring in 300 million
###author### Electrica’s privatization will bring the state more than 300 million euro, while investment needs of Romania are of 30…
ANRE: Special construction tax will swell bills by 1-2%
Regulated price of electricity could increase from January 2015 to 1-2%, after companies in the sector will require recognition of…
Petrom, Exxon and Transgaz signed an agreement for transporting gas from the Black Sea
OMV Petrom, Exxon and Transgaz Mediaș signed an agreement last week granting that gas production from the Black Sea will…
European Commission warns Bulgaria to suspend South Stream
Commission President José Manuel Barroso made it plain that the EU executive would impose infringements on Bulgaria regarding the Gazprom-favoured…
Exxon Mobil expands cooperation with Rosneft, in spite geopolitical of tensions
Texas-based oil giant ExxonMobil and Russia’s state-controlled oil company Rosneft shook hands Friday while the U.S. and European nations continue to discuss…
FIC: Special Construction Tax will create major distortions, it should be reviewed
Foreign Investors Council (FIC) argues that the introduction in the current form of a special construction tax, known as the…
Joe Biden: US is ready to help Romania secure energy independence
United States of America is ready to provide necessary help Romania to secure energy independence and cover resources that currently…
Five days prior to collection, “the pole tax” remains marked by uncertainty
###author### The energy industry will be hardest hit by the on tax special constructions of 1,5%, the so- called “pole…
FP is about to exit from Transelectrica shareholding
Fondul Proprietatea (FP) would want to sell its 13.49% stake in Transelectrica and it selected Romanian brokers to seek buyers,…
Alro reported a net loss, due to energy taxation and low aluminum price
###author### Alro, one of the largest aluminium producers in Central and Eastern Europe, announces today its financial results, prepared in…
S&P offers investment grade to Romania, external lending gets easier
Standard & Poor’s upgraded Romania to investment grade for the first time since 2008 as the economy grows and the…
Rompetrol Rafinare – 48% turnover growth, due to the sales increase
###author### During the first quarter of the year, the consolidated turnover of Rompetrol Rafinare, a member company of KMG International,…
Gazprom asks Ukraine to pay in advance for future gas supplies
Gazprom notified the Ukrainian state company Naftogaz for the advance payment of the equivalent natural gas to be delivered in…