Oil Companies To Pay Additional Taxes As Of 2013, Romanian Economy Minister Says
05.16.2012
Romanian Economy Minister Daniel Chitoiu on Wednesday said the government is drafting up a bill introducing additional taxes on one-time revenue gains of oil companies to be enforced starting with 2013.
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Fitch Ups Outlook On Rompetrol's 'B+' Rating To Stable today, 18:51
Fitch Ratings on Friday revised the outlook on Netherlands-based The Rompetrol Group N.V. (TRG) to stable from negative while affirming its... more
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Romania To Keep Oil, Gas Royalty Rates Unchanged Until 2015 today, 16:01
Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said Friday. more
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Economy Minister: Romania To Name First Private Manager In State Company By End-June today, 15:56
Romania will appoint the first private manager in a state company by the end of June, Economy Minister Daniel Chitoiu told a news conference Friday. more
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Basescu: Romania Wins With Any Alternative Energy Project In Balkans today, 15:25
President Traian Basescu said Friday that any of the alternative energy supply projects in the Balkan region is a win for Romania, whether it is... more
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Basescu: Romanian Public Must Be Shown That Shale Gas Exploitation Poses No Major Risk today, 15:18
Romanian President Traian Basescu said Friday Romania must develop a strategy to explain to the public that shale gas exploitation does not pose... more
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Economy Minister: Hidrolectrica Bilateral Contracts No Longer Underpriced today, 15:14
Romanian state-run hydropower generator Hidrolectrica has managed to amend its controversial bilateral electricity contracts signed with corporate... more
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US Ambassador Says He’ll Talk To Romanian Economy Ministry On Shale Gas Moratorium today, 11:47
US Ambassador to Bucharest Mark Gitenstein Thursday said he will discuss with Romanian Economy Minister Daniel Chitoiu on the government’s... more
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Rompetrol Well Services Inks $0.8M Service Deal In S. Sudan yesterday, 19:51
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, has won a $800,000 service contract at an oil well in... more
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Nuclearelectrica Cancels Auction To Select Broker For Upcoming IPO yesterday, 13:37
Romanian state-owned energy producer Nuclearelectrica Thursday cancelled an auction to select a broker for its planned 10% initial public offering... more
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What Is The Salary Package Of The Only Romanian CEO Of A Multinational Group? yesterday, 00:00
Gheorghe Dobra, the chief executive of aluminum smelter Alro Slatina (ALR.RO) will remain CEO of Alro's parent group Vimetco for one more year,... more
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How Azomures Became One Of Romania’s Largest Companies 05.16.2012
The increase in the price of chemical fertilizers worldwide has driven Azomures’ (AZO.RO) revenue over the EUR100 million per quarter mark, and... more
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Petrolexportimport 1Q Revenue Down 35% To RON73.7M
05.15.2012
Romanian fuels wholesaler Petrolexportimport (PEI.RO) reported 35% lower revenue in the first quarter, 73.7 million lei (EUR16.59 million) from... more
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Armax Gaz 1Q Sales Down 46% To RON17.9M
05.15.2012
Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) reported sales of 17.9 million lei (EUR4.03 million) in the first quarter, down 46%... more
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Alro's Net Profit Falls 60% To RON49M In 1Q 05.15.2012
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, Tuesday said its net profit fell 58.9% on the year to 49.36... more
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MOL Sales Volume In Romania Up 5% On Year In First Quarter 05.15.2012
Hungarian oil company MOL Tuesday said its fuel sales volume on the Romanian market rose 5% to 101,000 tons in the first quarter, from 96,000 tons... more
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Spanish Heliotech To Develop EUR55M Solar Power Project In C Romania 05.15.2012
Spanish developer Heliotech and its Romanian partner Solar Systems will develop a solar power project worth over EUR55 million in Harghita county,... more
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France's Vinci To Improve Energy Efficiency Of Romanian Vulcan For EUR2M
05.15.2012
Vinci Facilities Romania, part of French construction group Vinci, will rehabilitate and upgrade the equipment of steam generator maker Vulcan... more
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Rompetrol Opens Two More Gas Stations In Moldova 05.15.2012
Rompetrol Moldova, member of oil group Rompetrol, has recently opened two more gas stations, extending its network to 47 filling stations countrywide. more
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Transelectrica’s Mystery: Turnover Up, Profit Down, Shares At 2-Year Low 05.15.2012
The net profit of Romanian power grid operator Transelectrica (TEL.RO) fell 3.7 times in the first quarter to 43.6 million lei (EUR10 million),... more
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Repower Getting Ready For Power Generation In Romania, Plans EUR250M Investment 05.15.2012
Private power supplier Repower Romania, the local subsidiary of Swiss-held Repower group, plans to go into electricity generation and invest about... more
Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the
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Agricultural seeds producer KWS, a company with EUR0.9 billion in revenues from worldwide operations, has already run out of the corn
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Bunge, one of the largest vegetable oil producers in Romania, got the Competition Council’s approval to take over the oil plant in
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The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one
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Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern
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Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared
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Businessman Dan Sucu, who controls the Mobexpert business, worth around EUR113 million last year, says he was surprised by the good
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Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in
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Spanish developer Heliotech and its Romanian partner Solar Systems will develop a solar power project worth over EUR55 million in
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Ford Europe completed the EUR675 million investments in the plant in Craiova six months ahead of schedule and began production of the
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ArcelorMittal Galati CEO: Productivity Must Increase, The Good Old Days Won't Return
Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy of Bruno Ribo, the new chief executive of the ArcelorMittal steel plant in Galati, Romania.
