6 iul 2011

US company Lufkin, producer of oil and energy equipment, has hired the first 25 employees at the new plant it is building in southern Romania in Aricesti, Ploiesti county. The Texas-based company says more

5 iul 2011

Gabriel Comanescu, owner of offshore drilling company Grup Servicii Petroliere (GSP) and one of the most low-profile Romanian businesspeople, has completed the construction of the around $270 million more

15 iun 2011

Investors in renewable energy projects will collect an additional EUR2 billion by 2015, if the law regulating the support scheme is changed in such a way that more green certificates can be obtained. more

13 iun 2011

Heidi Chocolat Romania, the company that owns a chocolate plant on the outskirts of capital Bucharest, says its turnover was up 20% in the first quarter of the year, driven mainly by an increase in more

10 iun 2011

Brothers Plamen and Atanas Bobokov, owners of Bulgarian group Prista Oil, which specializes in lubricant production, have completed a EUR13 million investment near Bucharest’s beltway, the most more

6 iun 2011

Energias de Portugal (EDP), one of the world’s biggest players in the wind power sector, with EUR14 billion in turnover, completed the installation of a 159-MW wind farm in Dobrogea, the equivalent more

3 iun 2011

France’s Total, US Exxon and Chevron, as well as Russia’s Lukoil are the oil giants that have in the past year set their eyes on Romania, trying to spot potential hydrocarbon reserves both on land more

3 iun 2011

Cristian Colteanu, who runs the operations of US-based company General Electric (GE) in Romania, the Republic of Moldova and Bulgaria, said the revenue target for the next two years was set at $1 more

2 iun 2011

Electrica, the largest electricity distributor and supplier owned by the Romanian state, wants to buy wind turbines worth EUR93 million, VAT not included, to equip a 50 MW farm located in Frumusita, more