PPC records a pro-forma profit before tax of 1.5 bln. euro
PPC continued in 2023 the positive trend of the previous years achieving key milestones in line with its strategy to…
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Gazprom is asking a Russian court to prevent OMV from seeking international arbitration
Russian state-controlled energy group Gazprom has asked a Russian court to prevent Austrian company OMV Exploration & Production GmbH from…
Bulgaria’s economy grew by 1.8% in 2023, a significant slowdown from 2022
Bulgaria’s economy registered a modest growth of 1.8% last year, preliminary data from the National Institute of Statistics (NSI) show,…
Neptun Deep: Transocean Barents and Halliburton ensure works worth 465 mln. euro
OMV Petrom, the largest integrated energy company in Southeast Europe, continued to make significant progress in the implementation of the…
Anca Sinea: Energy poverty is spreading among Romania’s middle class
About half of Romania’s population suffers from energy poverty, and last year 21% of Romanians fell into this category after…
ALRO invests another 15 mln. euro in new projects to reduce the carbon footprint and increase competitiveness
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, approved the start of three…
Rompetrol: Petromidia directed two thirds of its production to the local market
Rompetrol Rafinare, member company of the KMG International Group, recorded, in the first semester of this year, good operational results,…
Romgaz: Four-year mandates for Răzvan Popescu and Aristotel Jude
Romgaz’s Board of Directors, chaired by Dan Drăgan, appointed Răzavn Popescu and Aristotel Jude to the positions of general manager…
C-Bank holds the key interest rate at 7% as inflation drops
Annual inflation rate decreased to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with…
MET Group signs new 1.23 bln. euro credit facility
Swiss-based MET Group, one of the fastest growing European energy companies active in international natural gas, LNG and power markets,…
Romania’s economy grew in 2021 by 5.8%, compared to 2020
The estimated Gross Domestic Product for 2021, in semi-final data, was of 1,187.402 billion lei in current prices, increasing in…
AHK Business Outlook: 70% of German companies foresee a weaker context in 2023
German companies in Romania say that their economic situation is good or satisfactory, although most of them (70%) see the…
FIC launched a new development strategy for Romania
Romania, as well as other EU countries, is currently facing several economic challenges: high inflation, the energy market crisis, as…
FP and Hidroelectrica select the consortium of investment banks in relation to the IPO
Franklin Templeton, the shareholder of Fond Proprietatea (FP) and Hidroelectrica selected the consortium of investment banks in relation to the…
USD rise could cause fuel bills to grow
The rise of the US dollar could lead to an increase in fuel bills, but also higher public debt repayment…
Popa, BNR: If the capping scheme were to remain as it is, the deficit would probably jump to 9% of GDP
If the capping and compensation scheme would remain in its current form and would cost 40 billion lei, there is…
Eurostat: The Netherlands and Romania, highest EU economic growth in Q2
The Gross Domestic Product of the European Union and the Eurozone registered an increase of 0.6% in the second quarter…
FDI – up by 21%, to 4.37 billion euro, in H1
Foreign direct investments increased by 21.47% in the first half of this year (H1), to 4.379 billion euros, compared to…
C-Bank Governor expects an economic growth of 2-3% this year
Romania could register this year an economic growth of 2-3%, possibly even higher, said on Tuesday the Governor of the…
Enel successfully launches a 750 mln. pounds sustainability-linked bond
Enel Finance International (EFI), the Dutch-registered finance company controlled by Enel, launched in the market a pound sterling single-tranche “Sustainability-Linked…
IVECO and Enel X, agreement for the development of electric mobility for commercial vehicles in Europe
IVECO, a pioneer in the marketing and production of alternative fuel vehicles, announces the signing of a Memorandum of Understanding…
Cristina Prună: We need to put new oil and gas perimeters up for auction
Romania must act quickly to ensure its energy independence, says Cristina Prună, USR deputy and vice-president of the Commission for…