General Interest
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…
EC to conduct market survey before deciding on Gazprom fine
The European Commission will conduct a market survey before deciding finally whether to fine Russian company Gazprom or make a deal with…
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…
EU: Cartel in the batteries recycling market
The European Commission has charged Eco-Bat Technologies, Recylex and Campine by a total fine of 68 million euros, because they…
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),…
Transelectrica will benefit from Fitch’s rating
Transelectrica, the national transporter of electricity, awarded the rating agency Fitch Ratings LTD an agreement worth 90.000 euros, excluding VAT,…
EC report: Romania has recycling levels below the European average of 44%
According to a report of the European Commission upon the evaluation of the implementation of EU environmental policies in the…
Hunedoara Court dismissed the insolvency application of CEH
The Hunedoara Court rejected on Tuesday, February 7th, the application for entry into insolvency of Complexul Energetic Hunedoara (CEH), actually…
BSE listing costs: From 1,000 to 5,000 euro for “the big” market
The Bucharest Stock Exchange (BVB) announced the general listing tariffs for companies as for the main market, but also for…
AmCham: Foreign investors don’t want any changes of the fiscal policies
Foreign investors need a predictable fiscal environment and Romania’s newly approved budget must take into account the investment need, states…
Daniel Tudose, general manager of TMK Hydroenergy Power
Starting with February 2017, Daniel Tudose will conduct the activity of Hydroenergy TMK Power, company from CEZ Group Romania. He…
Dutch electric trains, fueled exclusively with wind energy
The Dutch railway company NS has announced that all its electric passenger trains are powered 100% by wind energy. This…
Energy ministry’s budget, approved, the Strategy doesn’t get funding
Bugetul pentru 2017 al Ministerului Energiei a fost aprobat, marți, 7 februarie, de Camerele reunite ale Parlamentului, cu 180 de…
Electricity net, vulnerable due to climate change
Because of the climate changes, the number of hot days in the US will increase and the electrical network might…
Parliament adopts Finance and Environment budgets as gov’t demanded
The Romanian Parliament adopted on Monday the budgets of the Ministry of Finance (MFP), the Ministry of Labour and Social…
The Romanian Leu recovers, following the repeal of Ordinance 13
The Romanian Leu recovered strongly on Monday, February 6th, following the weekend decision of the government to repeal Ordinance 13,…