Romania must pay OMV damages worth 287 million lei
The Arbitral Tribunal issued on July 9, 2020 the final decision in the arbitration initiated by OMV Aktiengesellschaft (OMV AG)…
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OMV Petrom’s profit fell by 56% in the first half of the year
OMV Petrom’s net profit in the first half of the year was of 867 million lei, down 56% compared to…
Seasonally adjusted unemployment rate – 5.2% in June
The seasonally adjusted unemployment rate remained at 5.2% in June this year, a level similar to that recorded in the…
Steven van Groningen: Romania is a country of contrasts when it comes to digitalization
Romania is a country of contrasts when we talk about digitalization, and at the moment I live in two Romanians:…
Insolvencies fell by 26.16% in the first half
The number of companies and authorized individuals in insolvency decreased by 26.16% in the first six months of 2020, compared…
Elon Musk claims to be open to supplying batteries to other carmakers
Tesla Inc. CEO Elon Musk has announced that the US company is open to licensing software and supplying batteries and…
OMV intends to issue 1.5 billion euro bonds for the acquisition of Borealis
Austrian energy group OMV AG has announced plans to issue a new bond issue of up to €1.5 billion ($1.8…
Enel X Japan undertakes nationwide expansion
Enel X Japan, the country’s largest independent demand response (DR) aggregator, is expanding its geographic reach to provide services to…
The role of bilateral long term power purchase agreements
The last years brought into the energy sector a debate around the reconfiguration of the energy mix, in the context…
Power purchase agreements (PPAs) – present state of play and clarifications
On July 15, Energynomics organized the ONLINE conference dedicated to new energy investments based on power purchase agreements (PPAs). The…
Russian gas giant Gazprom to start producing clean hydrogen
Russia’s gas giant Gazprom will start producing “clean”, that is, zero-emission, hydrogen beginning in 2024 under a new government plan…
Six more months, at least for the new feasibility study for reactors 3 and 4 in Cernavodă
Energonuclear put up for auction, in the Electronic Public Procurement System, “Updating the Feasibility Study for the execution of the…
OMV Petrom sued ANRE’s obligation to sell gas with a capped starting price on stock exchanges
OMV Petrom asked the court to cancel the order issued in May by which the National Energy Regulatory Authority (ANRE)…
Transelectrica resumes the execution works of the Oradea-Nădab section
The National Electricity Transmission Company Transelectrica SA announces the signing of the execution contract for the completion of the Oradea…
PwC Top 100: Strong recovery in market value in the second quarter after the decline caused by the pandemic outbreak
The market capitalisation of the 100 largest listed companies in the world recovered strongly in the second quarter, recovering almost…
OMV Petrom becomes the first company in Romania to support the TCFD recommendations
OMV Petrom announces its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) on climate…
OMV Petrom: Fuel consumption will decrease by 10% this year and will not recover in 2021
Fuel consumption will fall by 10% this year due to the coronavirus pandemic, and demand will not return to pre-pandemic…
Bankwatch: Decarbonisation must be supported by ambitious funding programs and targets
Bogdan Tudorache Romania needs an integrated plan to use European funds from 2021-2027 to reduce greenhouse gas emissions, while ensuring…
Verchere: Offshore Law delays erode Neptune Deep project
Black Sea gas may help Romania recover economically post-pandemic, but changes to the Offshore Law are delayed, eroding the economic…
Hotels will receive grants of 30,000 euro for solar panels and charging stations
New non-reimbursable funds will be available for companies: hotels will be able to access money from the state to install…
Two gas pipelines become projects of national importance
Natural gas transmission pipeline Ghergheasa – Focșani, as well as natural gas transmission pipeline Prunișor – Orșova – Băile Herculane…
Cîţu: I guarantee that we will not ask for help from the IMF in 2020
Romania will not ask for help from the International Monetary Fund in 2020, said the Minister of Public Finances, Florin…
235 million euro for the development of gas distribution networks can be accessed from August 17 (MFE)
The first amount of 235 million euro of the one billion provided by the Government for the development of natural…