Electrica approved dividends worth 246 million lei
The shareholders of Electrica SA approved a gross dividend per share amounting to RON 0.7248, the payment date being June…
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ELCEN has 400 million lei worth bad debts from Termoenergetica; it has already gone to court
In the few months since taking over the operation of the district heating network in Bucharest, TERMOENERGETICA has accumulated debts…
Common approaches for energy efficiency (video conference, April 28)
On April 28, Energynomics continued the series of meetings dedicated to energy efficiency in 2020 with an online video conference…
OMV Petrom: Operating results 21% lower in Q1, investments down by 30%
OMV Petrom had a 21% reduction in operating income to 975 million lei in the first quarter of this year.…
Electrica, affected by legislation and declining demand
Bogdan Tudorache The COVID-19 pandemic affects Electrica on two levels – through lower electricity demand and negative impact of the…
OMV Petrom has approved dividends of 1.76 billion lei for 2019
The Ordinary General Meeting of Shareholders of OMV Petrom (SNP) approved the proposal of the Management Board to distribute dividends…
Frames survey: 78% of entrepreneurs do not trust the plan to support the economy
Bogdan Tudorache About 78% of entrepreneurs surveyed by the consulting firm Frames do not trust the plan to support the…
The Fiscal Council estimates a deficit of 7.45% of GDP in 2020
The Fiscal Council considers that the macroeconomic scenario based on the Government, built on a decline in real GDP by…
Moody’s estimates decline of only 5% for Romania’s GDP
Moody’s Investors Service expects Romania’s government deficit to reach 7.7% of GDP in 2020, while the level of debt as…
Enel begins construction of the second 50 MW photovoltaic plant in Spain
Endesa, through its renewable energy generation subsidiary Enel Green Power España (EGPE), has started construction of the second photovoltaic (PV)…
PwC: Global companies report USD 42 bln. in losses due to cyber fraud in the last 2 years
The value of losses reported by global companies due to cyber fraud amounts to USD 42 billion in the last…
Green Group has completed its rebranding process
Green Group, the first recycling industrial park in Romania and one of the largest in Europe, completed the rebranding process…
Transgaz distributes 52% of net profit as dividends
The company that operates the national natural gas transmission system, Transgaz, will distribute a gross dividend of 15.47 lei/ share.…
E-Distribuție connects a new field hospital, supports the efforts of medical teams in the fight against Covid-19
E-Distribuţie Banat, the electricity distribution operator part of the Enel Group, will perform the works of connection to the electricity…
Energy Transition: CEEP asks for more, fresh money and better allocations
The costs of the energy transition are enormous and there is a clear need to increase the spending for the…
ANRE sets the gross rate of return of electricity and gas distributors at 6.19%
Bogdan Tudorache ANRE changed the rate of return of electricity distribution operators, setting a new index of 6.19%. “The regulated…
Sweden adds name to growing list of coal-free states in Europe
Sweden has become the third European country to eliminate coal from electricity production, after its last coal power plant permanently…
CIECH Soda approved the collective redundancy plan in Romania
CIECH Soda Romania has already approved, in the first part of the month, a collective redundancy plan within the company,…
Refurbishment of the Vidraru hydropower plant is being postponed again
The tender for the refurbishment of the Vidraru hydropower plant was canceled, according to the information appearing in the electronic…
Gold reached a new all-time high on Friday, at almost 250 lei/gram
The gram of gold rose, on Friday, by 49.79 bani (0.19%), to a quotation of 249.9219 lei, from 249.4240 lei,…
Minister of Economy: Dacia and Ford plants will resume their activity on May 4
The production of cars from Dacia and Ford will resume on May 4, the Minister of Economy, Energy and Business…
Virgil Popescu promises that Romania will not return to the old pre-crisis economy
Romania is preparing to get out of quarantine but officials say the economy will not be the same, their intention…
EBRD has a new country strategy for Romania; focus on infrastructure, productivity growth and the financial sector
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved on Friday the new strategy for…