Electrica posted net profit down 13.5% for 2019
Electrica SA reported an individual net profit (preliminary and unaudited) decreasing by 13.5% in 2019 compared to 2018, to 257.7…
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Romania could become the third beneficiary of the Fair Transition Fund, provided it has projects
Romania could become the third beneficiary of the Fair Transition Fund, together with Germany and Poland, provided it has enough…
AFM opened the validation session of the car manufacturers and dealers for the Rabla 2020 Program
The validation session of the producers and dealers in the Rabla and Rabla Plus programs was launched for the period…
Control report at the Ministry of Energy: The objective pursued through the PNI will be partially achieved, respectively an execution degree of 58.17%
The funds accumulated in the account of the National Investment Plan (PNI) will not be fully utilized, and the objective…
ELCEN’s assets could be sold to any private investor
Bogdan Tudorache Sierra Quadrant, the judicial administrator of ELCEN, registered with the Bucharest Court the modified plan for the reorganization…
Romania is considering access to the Southern Gas Corridor
Romania is considering ensuring its access to the Southern Gas Corridor, reveals a statement from the Ministry of Economy and…
ABB completes divestment of solar inverter business to FIMER
ABB has completed its divestment of its solar inverter business to the Italian company FIMER. The transaction enables ABB’s Electrification…
Enel: Good financial position allows the granting of dividends of 615 million euro
Bogdan Tudorache Enel officials claim that now they can offer dividends worth more than 615 million euro to shareholders –…
Azomures enters a general maintenance process due to GEO 114
The main fertilizers supplier for Romanian agriculture, SC Azomureş SA Târgu Mureş, announced on Thursday that it will discontinue its…
Environmental activists of Declic and Bankwatch have called on ministers of Economy and Environment to shut down coal-fired power plants
The closure of all coal-fired power plants by 2030 was one of the requests submitted by environmental activists to the…
Nomination of Florin Cîțu as prime minister does not solve the political crisis
President Klaus Iohannis nominated the current Minister of Finance, Florin Cîțu, as prime minister. Cîțu’s nomination is a new attempt…
FP receives about 523 mln. lei in as special dividends from Enel
Dobrogea, as a result of the decision taken by the shareholders of the three companies on February 14, 2020, FP…
Norway’s sovereign fund sells holdings of Nuclearelectrica and Romgaz
Norway’s Sovereign Investment Fund, the largest in the world, with assets under management of about 1.1 trillion USD, liquidated in…
China opens fuel export taps as coronavirus slams domestic demand
China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak,…
Government gets dividends from Enel in a total value of over 500 million lei; SAPE gives up litigation
Bogdan Tudorache The Ministry of Economy, Energy and Business Environment, through the Energy Participation Management Company (SAPE), negotiated getting over…
CITR: CET Arad – 8 million euro loan, wants to sell mainly electricity
Bogdan Tudorache Under the guidance of CITR, part of Impetum Group, Arad Electric Power Plant (CET Arad) continues its reorganization…
The deposit system, the only chance for Romania; the problem of recycling is the collection
Bogdan Tudorache The storage system is the only chance at the moment to increase the amount of waste collected and…
Costel Alexe: Romania will enter infringement for not reaching recycling target; I don’t think incinerators are a solution
Bogdan Tudorache Romania will not reach its recycling target for 2020 and could enter into a costly infringement procedure, said…
Electrica will invest 141 million euro in 2020
Bogdan Tudorache For the current year, the Board of Directors of Electrica approved investments worth over 678 million lei (more…
Comănescu (GSP): We have successfully completed the Queen Hind salvage
Oil Services Group has successfully completed the salvage of the Queen Hind ship, which failed in November in Midia Harbor,…
Nuclearelectrica posted a 31.7% increase in profit last year
Nuclearelectrica posted a net profit of 541 million lei at the end of last year, up 31.7% compared to 2018,…
PwC: Romanian M&A market will grow though the sell of CEZ and Enel assets in 2020
Following a decline in 2018, the mergers and acquisitions market in Romania grew by 4% to a total value of…
Enel X teams up with the EC and EIB for new e-charge stations in Romania, Italy and Spain
Enel X, the Enel Group’s advanced energy services business line, has reached the full financial close for the AMBRA-Electrify Europe…