Delgaz Grid to invest 180 mln. euro in 2023, 36% more than the previous year
Delgaz Grid, part of the E.ON group in Romania, has budgeted for this year investments of 915 million lei (over…
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General Interest
OMV Petrom sponsors the “Romania plants for tomorrow” project with 3 mln. euro
OMV Petrom, the largest integrated energy company in Southeast Europe, continues the “Romania plants for tomorrow” project and focuses its…
Aramco may become a shareholder of the joint venture created by Renault and Geely
Saudi Arabia’s oil giant Aramco is close to a deal to take a stake in the new combustion engine joint…
Patria Bank doubled its net profit last year, to 20 mln. lei
Patria Bank posted a net profit of 20.24 million lei last year, up 114%, from 9.46 million lei in 2021.…
Germany’s bill for gas imports doubled last year, in spite of decrease in volume
Germany’s natural gas imports cost double in 2022 compared to 2021, even though imported gas volumes fell by 30%, according…
Chimcomplex: Sales of over 2.2 bln. lei, EBITDA of 480 mln. lei in 2022
Chimcomplex reports total revenues of 2,415,212 thousand lei, of which 2,385,750 thousand lei operating income. The increase in utility purchase…
Romania to open new foreign investment agency which will report into the prime minister’s office
Romania’s new agency for investment and foreign trade will be operational within “a few months”, said George Agafiței, state counsellor…
Olimpia Parking uses ABB technology for electric vehicles charging and smart buildings
Olimpia Parking, the largest private car park serving the Henri Coandă International Airport in Bucharest, is the first parking service…
FP: Net profit of around 2.8 bln. lei in 2022, shares yield of 12%
Fondul Proprietatea recorded an audited net profit of RON 2,769,448,871 for the financial year ended 31 December 2022. The main…
Transgaz reports a 97% increase in net profit in 2022
Last year Transgaz obtained a net profit of 368.689 million lei, an increase of 97% compared to 2021’s figure, which…
Romgaz ended 2022 with a net profit of 2.54 billion lei
In 2022, Romgaz obtained a net profit of 2.544 billion lei, up 32.87% compared to the previous year, according to…
Transelectrica announces a net profit of 529 mln. lei for 2022
The National Electric Energy Transport Company Transelectrica registered a net profit of 529.16 million lei in 2022, a significant increase…
Teofil Mureșan, E-Infra: Nova Power&Gas finalized a 40 MW plant, an investment of 100 mln. euro
The companies of the E-Infra group are considering numerous investments in green capacities. Thus, Nova Power&Gas, part of the E-Infra…
USR submitted to the Parliament the law for the exemption of prosumers from the payment of green certificates
USR parliamentarians Cristina Prună and Remus Negoi submitted a legislative initiative for the exemption from the payment of green certificates…
PwC: Electric vehicle sales up 28% in 2022 in the key European markets
Sales of battery electric vehicles (BEVs) in the key European markets rose by 28% in 2022 from the previous year,…
OMV Petrom extends Christina Verchere’s CEO mandate
OMV Petrom announced on Thursday the extension of Christina Verchere‘s CEO mandate, as well as the appointment of Cristian Hubati…
OMV Petrom supports Hospice Casa Speranței with over 7 mln. euro in 2023
OMV Petrom is financing the operational costs of the House of Hope HOSPICE Foundation with over 7 million euros this…
Verchere: OMV Petrom is set to invest 11 bln. euro over the next decade, and about 35% will go towards low and zero carbon investments
OMV Petrom is set to invest 11 billion euro over the next decade, and about 35% will go towards low…
Eric Stab: There were huge pressures, we had to recover 2.8 bln. lei since November 2021
Energy companies and investors were subject of a huge pressure during 2022, and Engie had to recover an amount of…
Renewables firms united in calling for removal of legislative barriers to new capacity development
Renewable energy producers, developers and service and equipment providers, with a total installed capacity of around 5 GW, are calling…
Dragoş Pîslaru: PNRR is in a deadlock situation – over 20 unfulfilled targets and milestones
The PNRR is currently “in danger”, more than 20 targets and benchmarks out of a total of 55 have not…
Popescu: In the context of the hybrid war started by Russia, Romania took energy security measures
Romania took measures to secure itself energetically, in the context of the hybrid war determined by Russia, but also came…
EY: Sustainability is driving the emerging tech investment agenda
The fourth edition of the EY Reimagining Industry Futures Study reveals that enterprises’ emerging tech investment decisions are increasingly driven…