OMV Petrom Hydrocarbon Output Falls Slightly in 4Q/2018
01.14.2019
OMV Petrom's total hydrocarbon output decreased slightly in the fourth quarter of 2018, to 156,000 barrels a day (boe/d), compared with 160,000 boe/d in the fourth quarter of 2017, the company said Monday in a preliminary report.
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Romgaz Seeks International Expansion via SOCAR Partnership today, 13:59
Azeri oil company SOCAR is interested in partnering with Romanian Romgaz to explore and exploit offshore Black Sea natural gas, besides involvement... more
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Romania’s Energy Crisis a Result of a Decade of Missed Investment Opportunities 01.18.2019
Romania missed almost EUR7 billion in energy investments in the past ten years: reactors 3 and 4 of the Cernavoda nuclear plant delayed... more
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Oltchim Left with 177 Employees after Asset Sales 01.17.2019
State-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) currently has 177 employees after selling most of its assets to Chimcomplex Borzesti and... more
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Romania Imports 1,400 MW After Shutting Down One Power Unit Amid Coal Miners' Strike 01.17.2019
Romania is currently importing over 1,400 MW, the equivalent of its nuclear power plant output, due to the shutdown of one thermal power unit amid... more
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Antitrust Body Looks into Wirom Gas Takeover by Engie Romania 01.16.2019
Romania's antitrust body said Wednesday it was looking into the deal whereby natural gas supplier Engie Romania takes over Wirom Gas. more
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Transgaz Starts Construction Works On Ungheni-Chisinau Gas Pipeline 01.16.2019
Romania's natural gas transmission company Transgaz Medias has started the construction of the Ungheni-Chisinau natural gas pipeline, after having... more
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New Taxation Changes Hurt Most Representative Sectors on Bucharest Stock Exchange 01.09.2019
Energy companies and banks, which are among the most traded stocks on the Bucharest Stock Exchange, will pass on to their customers the financial... more
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Only 40% Of Romania’s Power Generation Capacity Operational Now 01.08.2019
Romania has the most expensive energy in the region today, judging by spot prices, after having resorted to imports to meet consumption needs on... more
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Hidroelectrica Seeks New Managers, Plans Investments of RON5.5B Until 2023 12.28.2018
Romanian state-owned hydropower producer Hidroelectrica will be appointing new managers in January 2019, as current supervisory board members'... more
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Transelectrica Changes Its Directorate Members, Appoints Marius Carasol As CEO 12.21.2018
The Supervisory Board of Romanian state-run power grid operator Transelectrica (TEL.RO) has decided, at its meeting on Friday (Dec 21), to revoke... more
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Romania Seeks to Cap Natural Gas Prices At RON68 Per Mwh until Feb 2022 12.19.2018
Romanian Finance Minister Eugen Teodorovici announced on Tuesday, in a press conference outlining a series of new fiscal measures, that natural gas... more
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TeraPlast, E.ON Energie Romania Sign EUR1.9M Agreement for Solar Power Station 12.19.2018
Building materials manufacturer Teraplast and power utility E.ON Energie have signed an agreement totaling EUR1.9 million to build one of the... more
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Chimcomplex Plans to Invest EUR115M, Sees EUR1B Turnover in Five Years 12.18.2018
Romanian chemical producer Chimcomplex Borzesti plans to invest EUR115 million on its platforms in Valcea and Borzesti and estimates its turnover... more
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Transgaz Gets EUR50M EIB Financing for New Pipeline 12.18.2018
The European Investment Bank (EIB) is lending EUR50 million to Romania's gas transmission company Transgaz to finance new pipeline that will link... more
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Alro Slatina Seeks $70M Loan for Working Capital, Investments 12.17.2018
Shareholders of Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Monday decided to supplement by... more
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Uztel Ploiesti Seeks to Borrow RON9.5M from First Bank 12.14.2018
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) seeks two loans totaling RON9.5 million from First Bank to refinance a previous... more
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2018 in Review: Energy Market 12.14.2018
Like every year, energy was one of the most interesting sectors to watch, as the Black Sea gas caused tension in regional relations, and the bosses... more
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Chimcomplex Borzesti Gets Total Financing of EUR164M to Buy Oltchim Assets 12.12.2018
Chemical producer Chimcomplex Borzesti has total financing of EUR164 million to acquire assets of state-owned chemical plant Oltchim, of which... more
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Nuclearelectrica Approves Dividends of RON485.4M 12.10.2018
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica on Monday approved the distribution of dividends totaling RON485.4... more
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EBRD Grants EUR15M Loan to Craiova City for Urban Infrastructure Upgrades 12.05.2018
The European Bank for Reconstruction and Development (EBRD) has granted a EUR15 million long-term loan to the city of Craiova to buy... more
The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Energy companies and banks, which are among the most traded stocks on the Bucharest Stock Exchange, will pass on to their customers the
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The Continental group, the largest automotive component manufacturer in Romania, is planning new investments for 2019 as its research
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This year will see a record 450,000 square meters of office space delivered, which is a first for Romania.
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More than 25 residential complexes with at least 200 apartments each are scheduled for delivery in Bucharest in 2019 and 2020, Coldwell
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Romania accounts for 27.8% of the corn production in the European Union, almost one third of the total, after having recorded its
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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.
