MOL Group reported an USD 152 mln. net loss in Q1
Today, MOL Group announced its financial results for Q1 2020. Large inventory and foreign exchange losses resulted in MOL reporting…
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Germany helps the General Inspectorate of the Romanian Police
German Embassy in Bucharest, Federal Ministry of Interior, Construction and Development Territorial Police and the Ministry of Interior of the…
Digitalization is not possible without good quality human resources
As robots and automation change the industrial landscape, this hypothesis has arisen: sometimes fear that the replacement of human work…
ROCA X invests in a wind farm monitoring solution, appoints a new CEO
Bogdan Tudorache ROCA X, part of Impetum Group, continues to support the technology market by getting involved in five new…
The transition of mining areas affected by the gradual elimination of coal would cost Romania 700 million euro
Romania needs 700 million euro for the transition of mining areas affected by the gradual elimination of coal from the…
Transgaz: Romania will have a LNG import terminal on the Black Sea coast
Romania will have over the next 6 years a functional terminal for the import of liquefied natural gas (LNG) on…
Government announces cogeneration tax cut, support for energy-intensive companies
The government will adopt a normative act that will create a guarantee mechanism for working capital and investments and for…
Popescu: Energy companies have one more month to approve strategies
State energy companies must approve, by June 15, their investment strategies, with clear deadlines and financing sources, said on Monday…
Minister of Finance: We will not access any loan from any international institution that comes with conditionalities
Romania will not access any loan from international institutions if it comes with conditionalities, said on Tuesday the Minister of…
General maintenance of the Petromidia refinery, finalized with success
Rompetrol Rafinare, a member company of KMG International, has successfully completed the maintenance of the Petromidia refinery and has initiated…
PwC: 64% of companies plan new safety measures when reopen work sites and 47% will make remote work a permanent option
Almost two-thirds (64%) of the respondents globally plan new safety measures and requirements for employees in order to return to…
Distributie Oltenia connected until the end of April 42 prosumers from the AFM program
Over 4,500 electricity consumers from Argeş, Dolj, Gorj, Mehedinţi, Olt, Teleorman and Vâlcea counties wanted to become prosumers and benefit…
Rompetrol Georgia joins efforts to combat the COVID-19 pandemic
KMG International, through its subsidiary Rompetrol Georgia, will donate a total of 60,000 liters of fuels to the Georgia Emergency…
Prosumers subsidized by AFM may have to buy their own meters
Bogdan Tudorache A new draft order launched in public debate by the market regulatory body (ANRE) introduces the possibility for…
Delgaz Grid acquires devices and equipment for detecting natural gas losses
Delgaz Grid, the gas and electricity distribution company within the E.ON group, purchases with 4.97 million lei, excluding VAT, appliances…
APIA: Acquisitions of “green” cars, increasing in Romania, in the first quarter
While acquisitions of “green” cars (electric & hybrid) in Europe experienced a significant increase in the first quarter of 2020,…
Zamfir (PSD): I publicly ask Prime Minister Ludovic Orban to postpone the liberalization of utility prices
PSD Senator Daniel Zamfir asked Prime Minister Ludovic Orban to postpone the liberalization of utility prices through a Government decision,…
Iohannis: Starting May 15, Romania will enter state of alert
President Klaus Iohannis said on Monday that after May 15, the state of emergency will be changed to the state…
Liberty Galati donates cutting-edge disinfection equipment to local paramedics
Liberty Galati (Sidex) takes further its efforts in supporting the local medical system, helpinjg it to bear the pressure of…
Enel announces a new investment of 20 mln. euro in Spain
Enel Green Power España (EGPE), Endesa’s renewable energies subsidiary, has begun construction of a new 21.3 MW wind farm in…
The German business community is calling for the urgent introduction of the flexible work system, Kurzarbeit
Bogdan Tudorache The introduction of the flexible work system, Kurzarbeit, is absolutely necessary for Romania, especially in view of the…
Gas demand drop hits German energy companies as storages full and prices low
The fall in natural gas demand due to the coronavirus crisis is not only impacting producing countries, but also German…
Covid-19 support to Europe and Central Asia from World Bank tops $1.4 Billion
To date, the World Bank has committed more than $1.4 billion to help countries in Europe and Central Asia mitigate…