E.ON Energie Romania Completes Installation of 19 Electric Vehicle Charging Stations
12.10.2020
E.ON Energie Romania, one of the largest utility suppliers on the local market, has completed a project for the installation of 19 electric car charging stations in the country with the latest station in the parking lot of a Penny supermarket in Lugoj, Timis county.
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Hidroelectrica Puts Hydroelectric Unit 5 At Portile de Fier I Hydropower Plant Back Into Service
03.05.2024
Romania's largest energy producer Hidroelectrica has completed tests at the hydroelectric unit no. 5 at the Portile de Fier I (Iron Gates I)... more
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Sweden's OX2 Gets Building Permit For 99 MW Wind Farm In Romania Due To Become Operational At End-2025
03.04.2024
At the end of 2023, Swedish group OX2 got the construction permit for the most advanced project in its portfolio, with an installed capacity of 99... more
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Transelectrica Completes 400 kV Overhead Power Line Project In RON150M Investment
03.01.2024
Transelectrica has announced the successful completion of the construction project of a 400 kV Overhead Power Line Portile de Fier – (Anina) –... more
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Delgaz Grid Invested RON35M In 200,000 Natural Gas Meters In 2023
03.01.2024
Natural gas and electricity distribution company Delgaz Grid invested over RON35 million in the purchase and installation of more than 200,000... more
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Rompetrol Well Services 2023 Turnover Soars 38.2% YoY To RON73M
03.01.2024
Rompetrol Well Services (RRC.RO), one of the major suppliers of well services in Romania, reported a turnover of RON73.5 million for 2023, up 38.2%... more
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Transgaz Reports 50% Lower Net Profit, 13% Higher Revenue For 2023
02.29.2024
Natural gas transmission company Transgaz (TGN.RO) ended 2023 with net profit of RON172.4 million, at a group level, down 50% vs 2022, as per the... more
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Transelectrica Ends 2023 With RON219M Net Profit, Down 57.5% vs 2022
02.28.2024
Romania’s national power transmission company Transelectrica (TEL.RO) reported net profit of RON219 million for 2023, lower by RON296 million or... more
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Electrica Shares Officially Included In FTSE Russell Indices
02.28.2024
Electrica has announced on Wednesday (Feb 28) that its shares have been admitted for the first time ever for inclusion in the FTSE Global Equity... more
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CIS Gaz Opens Branch In Egypt, Delivers First Equipment Manufactured In Romania Within Project Developed By Egyptian Govt
02.26.2024
CIS Gaz, a Romanian natural gas company, founded in 1990 by Sebastian Calugar in Mures county, has opened a branch in Cairo and delivers the first... more
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Hidroelectrica Resumes Tender For Vidraru Hydropower Plant Refurbishment
02.26.2024
Hidroelectrica has announced on Monday (Feb 26) that it relaunched the tender for the re-engineering of the Vidraru hydropower plant, through the... more
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Fondul Proprietatea Collects RON432.6M From Sale Of Engie Romania Stake To GDF International
02.20.2024
Fondul Proprietatea via its manager Franklin Templeton International Services on Tuesday notified the Bucharest Stock Exchange of having completed... more
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Transelectrica Gets Another EUR48M Funding Via Modernization Fund
02.20.2024
Romania’s national power transmission company Transelectrica (TEL.RO) got EUR48 million non-repayable funding on Tuesday, February 20, via the... more
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Silcotub Zalau Starts Construction Of 21MW PV Park In Calarasi
02.19.2024
Industrial pipe manufacturer Silcotub Zalau, part of the international Tenaris group, held by the Italian Roca family, has started construction of... more
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Romania’s Crude Oil Production Drops 4.4% YoY In 2023
02.16.2024
Romania produced a quantity of crude oil of 2.795 million tons of oil equivalent (toe) in 2023, fewer by 129,200 toe (-4.4%) than in the same... more
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Nuclearelectrica Signs MoU With SACE And Ansaldo Nucleare To Advance Development Of Cernavoda NPP Units
02.16.2024
Nuclearelectrica has signed, in Rome, in the presence of Romania's economy minister Stefan-Radu Oprea, and the Minister of Business and Made in... more
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Distributie Oltenia Gets RON193M Financing For Investments In Electrical Networks
02.15.2024
At the end of 2023, electricity distribution company Distributie Oltenia drafted the documents needed to obtain financing from the energy ministry... more
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Retele Electrice Companies Attract Investments Worth Over RON433M For Electricity Networks
02.15.2024
Romania's energy ministry and the companies Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea (part of the PPC Group... more
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Distributie Energie Electrica Romania Signs Contracts For Modernization And Development Of Electricity Network
02.15.2024
Mihaela Rodica Suciu, the General Manager of Distributie Energie Electrica Romania (DEER), and Energy Minister Sebastian Burduja have signed new... more
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Rompetrol To Install 11 Ultra-Fast Charging Stations For Electric Vehicles On A1 Highway
02.14.2024
KMG Rompetrol Development in November 2022 submitted an application for financing a project on the acquisition and installation of ultra-fast... more
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Hidroelectrica Invests Over RON12M To Modernize Ten 110kV Electrical Stations In SH Hateg
02.14.2024
Electricity producer Hidroelectrica (H2O.RO) announces the completion of the modernization process at ten 110kV electrical stations in SH Hateg... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.