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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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
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Romgaz Plans to Invest RON1B in 2H/2018 09.05.2018
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) plans to invets nearly RON1 billion in the second half of the year in exploration,... more
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Romgaz, Lukoil Seek to Drill Exploration Well in Black Sea Trident Block 09.05.2018
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) and oil company Lukoil want to drill an exploration well in the Trident block in... more
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Swiss-Based MET Holding Gets Antitrust Clearance to Buy RWE Energie 09.05.2018
Romania’s Competition Council has authorized the deal whereby Swiss-based energy company MET Holding AG took over Romanian electricity and... more
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Romgaz Looks into Acquiring Wind Turbines, Solar Panels to Produce Green Energy 09.05.2018
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) is looking into acquiring wind turbines and solar panels to produce green energy... more
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Fondul Proprietatea Still Seeks to Sell Stake in Hidroelectrica 09.04.2018
Romanian investment fund Fondul Proprietatea (FP.RO) is still seeking to sell a stake of nearly 20% it holds in Romanian hydropower producer... more
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Nuclearelectrica To Shut Down Cernavoda Unit 2 for 72 Hours for Repairs 09.04.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) will shut down the second unit of the power plant in Cernavoda on Wednesday for 72 hours... more
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Romania Collects A Mere $30M In Royalties A Year For Black Sea Gas 09.04.2018
Romania collected 116.4 million lei ($29 million) in royalties for the natural gas drilled in the Black Sea in 2017. About 10% of Romania’s gas... more
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Nuclearelectrica Appoints Dan Bigu As Manager Of Cernavoda Nuclear Power Plant 08.31.2018
Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it appointed Dan Bigu as manager of Cernavoda NPP (Nuclear Power Plant),... more
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Competition Council Looks into Chimcomplex' Acquisition of Oltchim Assets 08.29.2018
Romania's antitrust watchdog said Wednesday it was looking into the acquisition of assets from state-owned chemical plant Oltchim by chemical... more
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Romgaz Appoints Andrei Bobar As Chief Financial Officer 08.29.2018
The Board of Directors of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has appointed Andrei Bobar as Chief Financial Officer,... more
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Energy Ministry Says Desulphurization System At Paroseni Power Plant Is Operational 08.27.2018
Romania’s Energy Ministry announced on Monday that state-run energy holding Complexul Energetic Hunedoara inaugurated its first desulphurization... more
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Transgaz' Takeover of Moldovan Gas Company To Be Completed Next Week 08.27.2018
The takeover of Moldova's natural gas company Vestmoldtransgaz by Romania's Transgaz will be finalized next week, when the privatization contract... more
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Nuclearelectrica Extends Mandate Of Its General Manager By Two Months 08.23.2018
The Board of Directors of nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, has approved a decision to... more
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Romanian Transgaz Starts Works on BRUA Project 08.22.2018
Romanian natural gas transmission company Transgaz (TGN.RO) has started works on the Romanian portion of the natural gas pipeline connecting... more
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Oil Terminal Cuts Staff Spending After Posting 1H Loss 08.20.2018
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has suspended its employees' individual work contracts for 10 days and will... more
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Oltchim Halts Production on Sept 1-11 for General Turnaround 08.17.2018
Romanian state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Friday announced it will halt production in the period September 1-11 for a... more
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Dafora Medias Reduces Loss by 66% in H1, Revenue Up 64% 08.17.2018
Romanian drilling company Dafora Medias (DAFR.RO) on Friday reported a loss of RON3.2 million for the first half of 2018, down 66% on the year,... more
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Transelectrica Profit Flat at RON98M in 1H, Revenues Drop 29% 08.16.2018
Romanian state-run power grid operator Transelectrica (TEL.RO) on Thursday reported a net profit of RON98 million for the first half of 2018,... more
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Transgaz Profit Declines 30% in 1H/2018, to RON279.61M 08.14.2018
Romanian state-owned gas pipeline operator Transgaz (TGN.RO) on Tuesday reported a net profit of RON279.61 million for the first half of 2018, down... 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.
