European Investment Bank (EIB) : Romania receives 200 mln. euro for power grid modernization
Romania received the approval for a financing worth 200 million euro from the European Investment Bank (EIB), money that will…
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Competition analyzes the takeover of some Renovatio companies by OMV Petrom
The Competition Council is analyzing the takeover transaction of some companies from the Renovatio group, specialized in renewable energy and…
E.ON: Demand for cooling solutions doubled in July compared to last year’s similar period
E.ON Energie Romania registered an explosive increase in the demand for cooling solutions in July, with a record of over…
BET Patria ETF fund – Tradeville: Assets of 400 mln. lei and 23,000 investors
The ETF BET Patria – Tradeville exceeded the value of 400 million lei in total net assets in July 2024,…
ELCEN-Termoenergetica merger to be completed in February 2026 the latest
The legal framework for the ELCEN-Termoenergetica merger was adopted by the Government on Thursday, the project will be submitted to…
Romania’s exports could cross the 100 bln. euro mark this year
Romania has every chance to reach, this year, the border of 100 billion euros in terms of exports. Most will…
Annual inflation rate dropped to 4.94% in June
The annual rate of inflation dropped, in June 2024, to 4.94%, from 5.12% in May, as food goods rose in…
US offers the Republic of Moldova 50 mln. USD to strengthen resilience
The US State Administration will offer the Republic of Moldova 50 million dollars to strengthen the republic’s ability to resist…
RCE supports the liberalization of the natural gas market in the Republic of Moldova
The Romanian Commodity Exchange, through its subsidiary – BRM East Energy, accelerates the process of liberalization of the natural gas…
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…
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…