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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EC Calls on Romania to Correctly Transpose EU Rules on Natural Gas Market 03.07.2019
The European Commission on Thursday decided to send a letter of formal notice to Romania for failing to correctly implement certain requirements of... more
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Over Half a Million Electrica Customers Get Smart Meters in Next Five Years 03.06.2019
Over half a million customers of state-owned power utility Electrica will have smart meters ion the next five years, said Livioara Sujdea,... more
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Kazakh–Romanian Energy Fund Invests $230M in Petromidia Cogeneration Plant, Gas Station Chain 03.06.2019
The Kazakh–Romanian Energy Investment Fund, 80% owned by KMG Internatioanl and 20% by the Romanian state, plans to invest $230 million in a... more
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Hidroelectrica Stands to Lose EUR40M From Selling Output at Regulated Price 03.05.2019
Romania's state-owned hydropower producer Hidroelectrica will be forced to sell 9.7% of its output this year at a regulated price of RON111.6/MWh... more
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FP Manager May Reassess Net Asset Value Over Hidroelectrica Regulated Tariffs 03.05.2019
Franklin Templeton, manager of Fondul Proprietatea (FP.RO), said Tuesday it will analyze whether any adjustment of FP's net asset value is required... more
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Conpet Ploiesti Turnover Grows 2.2% in 2018, Profit Drops 20% 02.28.2019
State-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a turnover of RON385 million for 2018, up 2.2% compared with 2017. more
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Electrica Posts 15% Growth in Net Profit in 2018, to RON297.9M 02.28.2019
Romanian state-owned energy utility group Electrica (EL.RO) on Thursday reported a net profit of RON297.9 for 2018, up 15% on the year. more
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Romania to Build New Gas Pipeline Connection to Serbia 02.25.2019
Romania's state-owned natural gas transmission company Transgaz will build an 85 km gas pipeline to connect the local transmission grid to that of... more
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Amonil Slobozia Goes Bankrupt 02.25.2019
Energy producer Amonil Slobozia (AMO.RO) enters bankruptcy after the Ialomita Court approved Friday the request of judicial administrator Expert... more
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Nuclearelectrica Net Profit Grows 27% in 2018, to RON390.5M 02.25.2019
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, on Monday reported a net profit of RON390.5... more
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Alro Slatina Posts 40% Drop in Net Profit in 2018, to RON232.7M 02.25.2019
Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Monday said its net profit dropped 40% on the year... more
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Electrica Group Targets RON739M Investments In 2019 02.21.2019
Electrica Group, Romania’ largest electricity distributor, has budgeted investments of RON739 million for 2019, of which RON710 million... more
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ZF Power Summit 2019: Electricity And Gas Price Caps Benefit Those Who Don’t Invest And Resell 02.21.2019
“We want to invest but we want to understand the market we invest in,” Christina Verchere, CEO of OMV Petrom said at the ZF Power Summit 2019. more
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Romgaz Signs Letter of Intent to Join Southern Corridor 02.20.2019
Romania's natural gas producer Romgaz signed a letter of intent Wednesday in Azerbaijan to join the Southern Corridor in a bid to diversify natural... more
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Black Sea Oil & Gas CEO Expects Tax Decree To Be Scrapped by 2021 02.20.2019
Romania's tax decree could be scrapped completely by 2021 when Black Sea Oil & Gas is set to start extracting gas from the Black Sea in a $400... more
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ZF Power Summit 2019: Need for Investment Is Real, Romania Has Always Found Solutions 02.20.2019
Some of the largest actors in the energy sector say they will continue to invest, though more cautiously, expecting the Emergency Ordinance 114 on... more
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Energy Ministry Looks into Merging Hidroelectrica and CE Oltenia 02.19.2019
Romania's energy ministry is analyzing a proposition to merge state-owned hydropower generator Hidroelectrica and coal-based energy holding CE... more
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Energy Ministry Seeks To Postpone 2% Tax on Turnover in Energy Sector 02.19.2019
Romania's energy ministry seeks to postpone a 2% tax on turnover for energy companies for at least year but says the tax will not delay or hinder... more
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Hidroelectrica Posts Record Profit of RON1.55B in 2018 02.18.2019
Romania's biggest electricity producer Hidroelectrica posted a record net profit of RON1.55 billion in 2018, up 13.9% on the year, according to... more
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Romanian Transgaz Starts Work on Phase 2 of Iasi-Ungheni-Chisinau Pipeline 02.18.2019
Romanian natural gas transmission company Transgaz Medias on Monday announced it has started work on the second phase of the Iasi-Ungheni-Chisinau... 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.
