OMV Petrom will invest a record budget of 8 billion lei in 2024, up 71% over 2023
OMV Petrom announces the distribution of record basic dividends of approximately 2.6 billion lei for the financial year 2023. At…
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4ENVIGO forms partnership with MC General Construct, the solar project market – estimated at 22 bln. euro
4ENVIGO, a company specialized in transition solutions to renewable energy, announces the signing of a strategic partnership with MC General…
Eugen Butoarcă: The Electrician’s Trophy remains a landmark, attesting to the evolution of the energy industry
Distribution Oltenia continues the tradition of the most important competition in the energy field, the Electrician’s Trophy stage per company,…
Bosch inaugurates second office building of its Cluj-based Engineering Center
Bosch inaugurated the second office building built within the Engineering Center in Cluj, following an investment of approximately 21 million…
Irina Peptine is the new Marketing Director of Schneider Electric Romania, Moldova and Armenia
Irina Peptine was promoted from April to the position of Schneider Electric Marketing Director for Romania, Moldova and Armenia. In…
Competition Council authorized the takeover of Silnef’s assets by Silcotub
Competition Council authorized the transaction by which Silcotub SA takes over two recyclable industrial waste collection centers operated and managed…
Hidroelectrica to be listed on BVB in July, FP may sell its entire package of around 20% also in London
The largest IPO on the Bucharest Stock Exchange (BVB) may take place in July, according to the official Hidroelectrica listing…
Rompetrol invests USD 6.5 million in two new integrated service centers in Timiș
Rompetrol Downstream, the retail division of the KMG International Group in Romania, opened two new integrated service centers on A1…
Nuclearelectrica, included in two MSCI indices starting June 1
SN Nuclearelectrica SA announces that it will be included in the MSCI Frontier Markets and MSCI Romania indices starting June…
Ariston Group: Pre-tax profit up 44% in Q1, Maurizio Brusadelli – new CEO
The Ariston Group announced net revenues of 760 million euro in the first quarter of 2023 (Q1), marking a global…
Simtel Team to be listed on the main tier of the Bucharest Stock Exchange
Simtel Team intends to get listed on the main tier of the Bucharest Stock Exchange either at the end of…
Schneider Electric’s first Sustainability School opens for enrolment
Schneider Electric announced that the Schneider Electric Sustainability School is open for enrolment. Free to access, the digital platform provides…
Simtel Team: Turnover increases by 580% in Q1, the company will launch its own solar park next month
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a…
Gazprom’s profit plunged by 40% in 2022, the payment of annual dividends was canceled
Gazprom said on Tuesday its 2022 net profit fell more than 40%to 1.266 billion rubles ($15.77 billion) from 2.093 billion…
Delgaz Grid developed an online platform dedicated to future prosumers
Delgaz Grid takes a new step in the process of digitalizing services and makes available to future prosumers a dedicated…
Depogaz: Grant of 38 mln. euro for the modernization of the Bilciureşti gas storage
Depogaz Ploieşti signed on Wednesday with the European Executive Agency for Climate, Infrastructure and the Environment (CINEA) the agreement for…
Hidroelectrica cancels procedures to replace its car fleet
Hidroelectrica cancels the purchase procedure for the operational leasing of 203 sedan and station wagons, respectively SUVs, under the conditions…
Transgaz reported a 53% drop in net profit after the first quarter
In the first quarter of this year, Transgaz recorded an individual net profit of 125.37 million lei, down 53% compared…
First quarter profit: Hidroelectrica increases by 34%, Romgaz stagnates, SNN loses 6.4%
Hidroelectrica achieved a net profit of 1.74 billion lei after the first three months of 2023, 34% higher than that…
CITR: 1,644 companies entered insolvency in Q1 2023, of which 23 impact companies
About 1,644 companies went insolvent in Q1 2023, a number similar to the one in Q1 2022, when 1,610 insolvent…
Bosch Group announces a 12% increase in sales to 88 bln. euro for 2022
In 2022, Bosch exceeded its business targets in what was a challenging year. The supplier of technology and services increased…
EIF and Patria Bank signed the first agreement in Romana within InvestEU
The European Investment Fund (EIF) signed a loan agreement worth 5 million euros with Patria Bank, a Romanian lender specialized…