Transelectrica’s net profit doubled in the first quarter of 2020
The National Electricity Transmission Company (CNTEE) Transelectrica reported, in the first quarter of this year, a net profit of 77…
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Electrica Furnizare reopens its customer service centers on Monday
Electrica Furnizare announces the reopening of customer relations centers, starting with Monday, May 18, as a result of the relaxation…
Minister of Environment will sign, on behalf of Romania, the Declaration on the use of the European Green Deal
The Minister of Environment, Waters and Forests, Costel Alexe, will sign, on behalf of Romania, the Declaration on the use…
Vlăsceanu (ACUE): We must rethink and create a viable industrialization strategy for Romania
The Government and the Parliament, regardless of the political color, must shake hands, and together with the energy sector to…
Steven Van Groningen: The forecast 6% GDP contraction is quite strong
The contraction of Romania’s Gross Domestic Product by 6%, estimated for this year, is quite strong, but we hope it…
Hidroelectrica plans to execute new projects with a value of almost 18 bln. lei
Hidroelectrica plans, for the next period, the execution of new hydropower projects with a total estimated value of 17.933 billion…
Johan Gabriels, Ebury: We will enter soon the lending segment
Ebury came in the Romanian market two years ago, operating international money transfers and FOREX risk management. Now they are…
Free to PPAs, from June 1, for new investments in electricity generation
Romanian Government has adopted an Emergency Ordinance to amend the Electricity and Natural Gas Law no. 123/2012 so as to…
OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…
CITR: Hidroserv aims for 15% revenue and 25% EBITDA growth over the next two years
Bogdan Tudorache Under the judicial administration of CITR, Hidroserv SA – the Hydropower Services Company submitted today the reorganization plan…
Electrica Group ended the first quarter with a consolidated net profit of 80 million lei
Electrica Group obtained, in the first quarter of 2020, a consolidated net profit of 80 million lei, registering an increase…
Transgaz profit increased by 5% in Q1
Transgaz’s net profit increased by 5% in the first quarter (Q1) of this year, reaching 201.8 million lei, the reduction…
AEI: 3.4 million Romanians risk having higher gas bills from July 1
Approximately 3.4 million domestic consumers of natural gas have the right to renegotiate by July 1, 2020 the prices they…
Foreign direct investment amounted to a negative net value of 551 mln. euros in Q1
Foreign direct investments amounted to a negative net value of 551 million euros in the first three months (Q1), compared…
EC asks Romania to take measures for the development of an IT system for monitoring the circulation of excisable products
The European Commission decided on Thursday to send a reasoned opinion to the Romanian authorities because the latter failed to…
Distributie Oltenia resumes operational activity starting Monday
Distributie Oltenia (DEO) User Relations Centers in the counties of Argeș, Dolj, Gorj, Mehedinți, Olt, Teleorman and Vâlcea will resume…
Mastercard and Enel X to establish fintech-cyber innovation lab in Israel
Mastercard and Enel X are launching a new lab in Israel to advance innovations in financial technology and cybersecurity for…
Environmental NGOs are proposing to the government to adopt a 100% green energy target by 2040
Bogdan Tudorache Environmental organizations have launched a new petition for public debate, entitled “Tomorrow is decided today.” The document consulted…
Photon Energy reports 26.6% revenue growth in Q1 2020 despite COVID-19 Crisis
Bogdan Tudorache Photon Energy today announced financial results for the first fiscal quarter, ending 31 March 2020, posting all-time high…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
CEZ has not given up its intention to complete the sale of assets in Romania by the end of this year
The financial director of the Czech utilities group CEZ, Martin Novak, said on Tuesday that the group continues its strategy…
The number of employment contracts terminated since the establishment of the state of emergency is approaching 350,000
The number of employment contracts terminated since the establishment of the state of emergency (March 16) registered a new maximum…
The annual inflation rate fell to 2.7% in April
The annual inflation rate fell to 2.7% in April this year, from 3% in March, even if food prices rose…