2 iul 2015

Marius Milea will be the new general manager of Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO), replacing Gehrig Schultz on this position for the past seven years. more

2 iul 2015

Alexandru Varlan will be the new general manager of Romanian oil and gas pipe maker Condmag Brasov (COMI.RO), replacing Claudiu Muresan. more

2 iul 2015

Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO) will become stockholder of bricks producer Cemacon (CEON.RO), through the conversion into shares of part of the more

18 iun 2015

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) aims to boost gas and diesel oil trades to Constanta seaport to offset the drop in crude oil imports for European refineries, which are more

17 iun 2015

Oil company Petroceltic International sold its shares in two Black Sea oil blocks to Gabriel Comanescu, the owner of Grup Servicii Petroliere (GSP), according to ZF data. more

16 iun 2015

Romanian Energy Ministry, majority stockholder with Romanian nuclear power company Nuclearelectrica (SNN.RO), will be subpoenaed in October, next to the energy producer, in a trial against Fondul more

16 iun 2015

Romgaz (SNG.RO) might expand into oil drilling, after spending more than a hundred years drilling for natural gas only, if the first exploration wells confirm the estimates about the oil deposits in more

15 iun 2015

Romanian state-run aircraft repair and maintenance company IAR Ghimbav (IARV.RO) eyes higher revenues over the next years, fueled by an extended budget of the Defense Ministry and larger orders from more

14 iun 2015

The Romanian government should sell the 15% stake in state-owned power producer Hidroelectrica for EUR500 million, or the initial public offering on the Bucharest Bourse is canceled, according to more

13 iun 2015

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) forecasts 15% higher revenues in 2015, at RON125 million, as it expects the low oil prices to boost trades of crude oil and gas through more

11 iun 2015

Cyprus-registered investment fund RC2 Limited resumed transactions with shares of Romanian dairy manufacturer Albalact (ALBZ.RO), after the transfer to the main market of the Bucharest stock exchange, more

9 iun 2015

The listing of 20% to 30% in Bucharest Airports National Company (CNAB), whose majority shareholder is the government via the Transport Ministry, might help it raise 400 to 660 million lei (EUR90 more

5 iun 2015

The recently announced natural gas price hikes for household consumers could mean an of 1.4 billion lei (EUR315 million) for the revenue of Romania’s main natural gas producer Romgaz (SNG.RO) over more

28 mai 2015

State-run pharmaceutical producer Antibiotice Iasi (ATB.RO) intends to build two more manufacturing lines in a total investment of EUR40 million and secure the necessary funding by attracting a more

12 mai 2015

The private sector managers who became chief executive officers of the largest listed state-run energy companies collected 4.4 million lei (EUR1 million) in base salary plus bonuses in 2014, their more

11 mai 2015

General Electric CEO Jeffrey Immelt was in Bucharest for a surprise visit at the end of last week during which he met with Prime Minister Victor Ponta and the heads of some of the largest local energy more

27 apr 2015

Almost 18 months from its initial public offering, natural gas producer Romgaz (SNG.RO) believes its organizational structure is not adjusted to the challenges on the energy market and wants to pay 5 more

23 apr 2015

Romania’s construction field had an earlier start this year owing to the warm weather and cheaper fuel, thus driving the sales of building material producer Prefab Bucuresti (PREH.RO) up by around more

17 apr 2015

Romanian shipyard Santierul Naval Orsova (SNO.RO), controlled by three of the five SIFs, expects 20% revenue growth this year amid rising ship production and wider client base. more

16 apr 2015

April 15, 2015 turned the founders of Bittnet Systems, the first IT&C company listed on the Bucharest Stock Exchange, into millionaires. The business established by two brothers in 2007 is now a more

15 apr 2015

The start of the year brought bad news for Electrica, Romania’s biggest energy distributor, which missed two acquisition opportunities that would have boosted its business and profit at one blow. more

9 apr 2015

Oil and gas producers have had to cut investments due to the sudden drop in oil price, which translates into a lower demand for drilling equipment, pipes and drilling services. more

7 apr 2015

Romanian drug maker Biofarm Bucuresti (BIO.RO) wants to acquire a pharmaceutical company to gain market share and grow its own business. more

6 apr 2015

OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was down 60% more

6 apr 2015

Romania’s steel pipe maker TMK Artrom (ART.RO) plans to slightly increase production this year, but also sell it for higher prices, thus generating net profit of almost 60 million lei, up 46% more