Transgaz Completes Takeover of Vestmoldtransgaz, Prepares Pipeline Extension
09.07.2018
Romania's natural gas transmission company Transgaz has completed the takeover of Republic of Moldova's Vestmoldtransgaz through its local subsidiary and is preparing works to extend the Iasi-Ungheni pipeline to Chisinau.
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Petrolexportimport Enters Bankruptcy Procedure yesterday, 14:05
Romanian fuels wholesaler Petrolexportimport (PEI.RO) will enter a simplified bankruptcy procedure, following approval by by the Bucharest Court,... more
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Cernavoda Nuclear Reactor 2 Returns to Full Power 10.16.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced Tuesday it has restored Unit 2 of the nuclear power plant in Cernavoda to full... more
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Nuclearelectrica Reduces Power of Cernavoda Nuclear Reactor 2 for Repairs 10.15.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced it would reduce the power of the second nuclear reactor at the power plant in... more
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Fitch Affirms Romania’s Transelectrica at 'BBB'; Outlook Stable 10.12.2018
Fitch Ratings has affirmed Romanian state-run power grid operator Transelectrica's long-term issuer default rating (IDR) at 'BBB' with a stable... more
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Electrogrup Announces Public Offering On Bucharest Stock Market 10.11.2018
Electrogrup Infrastructure, a company held by Teofil and Simion Muresan brothers and by Marian Pantazescu, specializing in constructions for the... more
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Competition Council Looks Into High Tech Clima Acquisition By CEZ Group Member Companies 10.09.2018
Romania’s Competition Council is looking into a transaction whereby companies High Tech Clima SRL and its branch, High-Tech Clima DOO (Serbia)... more
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Schaeffler Builds Testing Center in Brasov 10.03.2018
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, will build a testing center in Brasov, central Romania, on an area of... more
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Offshore Bill Modified By MP Committee, Sets Higher Tax Rates For Additional Income 10.02.2018
Romanian Lower Chamber MPs modified on Tuesday several provisions of the pending bill which regulates Black Sea offshore exploitations, changing... more
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Petrolexportimport Shareholders Approve Company Insolvency 10.02.2018
The General Meeting of Shareholders of Romanian fuels wholesaler Petrolimportexport has approved the company's plan to enter insolvency procedures. more
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Romgaz Extends Mandate Of Its General Manager By Four Years 10.02.2018
The Board of Directors of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has approved a decision to extend for four years the... more
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Enel Energie Relocates Timisoara HQ to Office Building in Openville Complex 10.01.2018
Power utility Enel Energie has relocated its headquarters in Timisoara, western Romania, to the United Business Center 1 (UBC 1) office building in... more
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Eurotransgaz Launches Tender For Ungheni-Chisinau Pipeline 09.28.2018
Eurotransgaz, the Moldovan subisidiary of Romania's natural gas transmission company Transgaz, will announce on Friday a tender to award the... more
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OMV Petrom Transfers Nine Onshore Oil and Gas Field Licenses to Mazarine Energy 09.28.2018
Romania's oil and gas company OMV Petrom (SNP.RO) has signed an agreement for the transfer of licenses for nine onshore oil and gas fields in... more
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MOL Romania To Open Three New Gas Stations, In Buzau And Constanta Counties 09.25.2018
MOL Romania, the local division of Hungarian oil group MOL, will be opening three new gas stations in the counties of Buzau and Constanta, reaching... more
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Romanian Senate Passes Offshore Gas Bill, Rejects President Re-Examination Request 09.25.2018
Romania’s Senate passed again on Monday a bill regulating offshore gas exploitations in the Black Sea, in the form amended earlier in the day by... more
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OMV Petrom Shares Gain Almost 11% In One Week, Reach Three-Year High 09.24.2018
OMV Petrom (SNP.RO) shares gained almost 11% last week, which is the highest weekly increase since 2005, most likely because of the amendments to... more
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EC Analyzes Transgaz Commitments Concerning Natural Gas Exports from Romania 09.21.2018
The European Commission is analyzing commitments submitted by Transgaz to address competition concerns regarding the free flow of natural gas from... more
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Nuclearelectrica Reconnects Cernavoda Unit 2 to National Power Grid 09.10.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) has reconnected the second unit of the power plant in Cernavoda to the national power... more
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Four Companies Submit Offers for Unsold Oltchim Asset Bundles 09.07.2018
Four companies have submitted indicative offers for unsold asset bundles of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) by the July... more
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KMG International Posts 60% EBITDA Growth in 1H/2018 09.06.2018
KMG International Group (KMGI) posted an EBITDA operating result of $114.6 million in the first half of the year, up 60% compared with the same... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
