investment
MOL Group will invest more than $2 billion in Upstream projects in the next five years
MOL Group announced the financial and operational objectives for the next five years, shortly after the publication of the Strategy…
Romania loses investments because of bureaucracy and system bottleneck
Fragmented collaboration between the various authorities and lack of a predictable tax regime block energy investments. During the session dedicated…
EximBank has a new on line application for SMEs
EximBank has implemented on its web site (www.eximbank.ro) a new application that allows the small and medium enterprises to rapidly…
ArcelorMittal injected 400 mln. euro in Romania, will continue investments
ArcelorMittal injected 400 million euro in Galati and will continue investments, says Lakshmi Mittal, chairman and CEO of ArcelorMittal. “ArcelorMittal…
Electrica borrows 71 mln. euro from BRD to finance the cash shortage resulting from investments
Electrica faces a cash deficit due to investments, so it borrowed 320 million lei (about 71 million euro) from BRD.…
Romgaz and ANRM continue investing into eight gas fields
Romgaz and the National Agency for Mineral Resources (ANRM) have decided to continue gas exploration to eight fields through a…
Renewables, dropping 9%; GCs sold on centralized market – barely 1% of 7 mln
The installed capacity of renewable energy producers totaled 4,690 MW at the end of June this year, according to data…
World’s largest offshore wind farm receives go-ahead in UK
The world’s largest offshore wind farm has received development consent from the UK’s Department of Business Energy and Industrial Strategy…
Soros Fund Management slashes gold stake in second quarter
Soros Fund Management sharply cut its shares in gold in the second quarter, when bullion prices rose to two-year highs,…
NARE has approved Transelectrica’s Development Plan of the Power Transmission Grid for 10 years
The total value of planned investments in the Development Plan of the Power Transmission Grid is estimated at 5 billion…
Government unlocks RON 835 million for investments in energy production
The government decided on Wednesday to unlock the state aid scheme on which the energy producers can ask for getting a grant, appliable for the…
Enel makes new investments in network upgrade
Enel Distributie Muntenia has completed the upgrading works to the Giurgiu county network, of over 2 million lei, according to…
Oil and gas industry needs investments worth anually a billion euro
Maintaining the current level of oil and gas production in Romania requires annual investments of one billion euros, given the…
Radu Crăciun, BCR Pensii: Pension funds’ assets keep growing; we need channels to keep this money in Romania
Since April this year, Radu Crăciun is the president and chief executive officer of BCR Pensii. One of the best…
EBRD supports large projects in renewable energy
EBRD makes a review of the major renewable energy projects in which it has invested. Whiule projects of tens and…
Transgaz made last year nearly 70% of the proposed investment
Last year, the natural gas transport and dispatching company Transgaz, has made investments totaling 239.55 million lei, representing 68% of…
