Romania Exempts Coal-Fired Power Plants from 2% Turnover Tax, Caps Electricity Prices until Feb 2022
03.27.2019
Romania's government will keep a 2% tax on turnover for energy producers, exempting state-owned thermal and coal-fired power plants, and will keep a cap on electricity prices until end-February 2022, according to a draft emergency decree published by the finance ministry late Tuesday.
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Eurostat: Romania Posts Fourth Biggest Natural Gas Price Increase In EU In 2H/2018 05.21.2019
Romania recorded the fourth largest increase in household gas prices, of 16.3%, in the European Union, year-on-year in the second half of 2018.... more
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OMV Petrom Completes EUR19M Investment in Arad Fuels Terminal 05.21.2019
Romania's oil and gas company OMV Petrom (SNP.RO) has invested around EUR19 million in the modernization of its fuels terminal in Arad, western... more
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Rompetrol Rafinare Posts $14M Net Loss in 1Q/2019 05.15.2019
Rompetrol Rafinare, part of KMG International, on Wednesday reported a net loss of $14 million for the first quarter, compared with a net loss of... more
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Transelectrica Net Profit Drops 44% in 1Q, to RON38M 05.15.2019
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday reported total revenues of RON648 million for the first quarter, down... more
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Romgaz 1Q Net Profit Grows 16.2%, to RON541.9M 05.15.2019
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Wednesday reported a net profit of RON541.9 million for the first quarter of... more
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Electrica Switches to RON41M Loss in 1Q/2019 05.15.2019
Romanian state-owned energy utility group Electrica (EL.RO) on Wednesday reported a net loss of RON41 million for the first quarter, compared with... more
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Nuclearelectrica Denies Additional Dividends to Romanian Government 05.13.2019
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) said Monday it was not in a position to pay the government additional... more
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Romania, Chinese Investors Sign Preliminary Agreement to Build Nuclear Units 3, 4 in Cernavoda 05.08.2019
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, China General Nuclear Power Corporation and... more
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Transgaz SA, Black Sea Oil&Gas Sign MoU On Development Of Gas Transmission System For Midia Project 05.07.2019
Romania's natural gas transmission company Transgaz (TGN.RO) and Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners and... more
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Government Claims 35% of Nuclearelectrica's Reserves 05.03.2019
The Romanian government has required state-owned nuclear power company Nuclearelectrica to give it 35% of the amounts set as other reserves either... more
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Transgaz Gets Green Light to Start Work on EUR360M Black Sea Gas Pipeline 05.03.2019
Romania's natural gas transmission company Transgaz (TGN.RO) has obtained the right to start works on the Black Sea - Podisor Pipeline that will... more
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Romania's Unit 2 of Cernavoda Nuclear Power Plant Starts Planned Outage Friday 05.03.2019
Romanian nuclear power plant operator Nuclearelectrica will shut down Unit 2 of the power plant in Cernavoda Friday for a planned outage program... more
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MOL’s Diesel Sales In Romania Up 2.5%, Gasoline Sales Slightly Lower YoY In 1Q/2019 05.03.2019
Diesel sales in Romania of Hungary’s oil group MOL grew 2.5% to 124,000 tons in the first quarter of 2019, from 121,000 tons in the same period... more
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Petrom: Romania Was Net Power Importer In 1Q/2019; National Production Down 11% YoY In 1Q/2019 05.03.2019
Romania became a net power import in the first quarter of 2019, which is a first for the Romanian market, considering the problems in the field of... more
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Petrom: Legislative Environment Fails To Provide Necessary Premises For Neptun Deep Investment Decision 05.03.2019
The current legislative environment does not provide the necessary prerequisites for a multi-billion investment decision regarding Neptun Deep... more
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OMV Petrom Sales Up 11% YoY To RON5.4B; Net Profit Up 35% YoY To RON1.15B In 1Q/2019 05.03.2019
Romania's oil and gas company OMV Petrom (SNP.RO) on Friday said its total sales, excluding petroleum excise tax, reached RON5.42 billion in the... more
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Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets 04.25.2019
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the... more
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Nuclearelectrica Targets RON2.46B Revenue, RON350M Net Profit In 2019 04.22.2019
Romanian nuclear power company Nuclearelectrica (SNN.RO) budgeted revenue of RON2.46 billion for 2019, up 8% compared with the revenue reported a... more
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Power Holding CE Oltenia Targets RON1B Profit in 2019, Will Shed 200 Employees 04.22.2019
Romanian state-owned energy holding CE Oltenia targets a profit of RON1 million this year after laying off 200 employees. more
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OMV Petrom Shareholders Approve RON4.17B Investment Budget For 2019 04.19.2019
Shareholders of OMV Petrom (SNP.RO) approved Friday, within their ordinary general meeting, the company’s budget for 2019, which envisages... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
