25 sep 2015

Three of the richest energy companies either state-owned or in which the government owns significant stake have about 7 billion lei (EUR1.6 billion) in their accounts. more

17 sep 2015

Romania’s largest energy trader Tinmar Ind held by businessman Augustin Oancea has decided to split up. more

11 sep 2015

MOL has about $2 billion available for acquisitions a year and can raise a further $4 billion from banks, which means a lot of room for acquisitions, says Ferenc Horvath, executive vice president of more

7 sep 2015

Repower Romania, the local subsidiary of the Swiss integrated energy group Repower, says it wants to remain among the top three private electricity traders in this country but does not rule out more

4 sep 2015

New chapters are added to the book of memorandums of Romania’s energy sector every year but no project actually gets off the ground. more

2 sep 2015

Gheorghe Iaciu, the entrepreneur who owns real estate developer Impact Developer & Contractor (IMP.RO), believes he will be able to sell 490 apartments in Bucharest compared with 90 last year and more

28 aug 2015

Grup Servicii Petroliere (GSP), the flagship company of the Upetrom group of Constanta businessman Gabriel Comanescu, returned to profit in 2014 from 163 million lei (EUR37 million) loss in 2013. more

25 aug 2015

Petromidia refinery, Romania’s largest oil processing unit majority owned by Kazakh state-run oil and gas company KazMunayGas, will enter scheduled one-month overhaul as of September 22. more

25 aug 2015

No other industry has gone from ecstasy to agony in the span of just one year as the green power industry did. more

21 aug 2015

Augustin Oancea, one of the lowest profile businessmen in Romania, with only a handful of public appearances, has discreetly taken his company, Tinmar Ind, to EUR650 million this year from the EUR15 more

18 aug 2015

Total wind projects of 130 MW were set up in the first six months of 2015, representing around 52 wind turbines, the projects being most probably started during previous years and postponed over more

18 aug 2015

Out of the more than 10,000 jobs created in the IT&C sector in Romania in 2008-2013, over 6,200 were based in Cluj, according to the latest National Statistics Institute data. more

14 aug 2015

The major energy markets, fuel and electricity, showed signs of rebound in the first half after years of decline. Gas consumption, on the other hand, did not, given the hard times the local chemical more

13 aug 2015

Neither the significant improvement of the refining margins nor the rebound in oil product demand can change the fate of Arpechim, the third largest oil refinery by capacity in Romania held by OMV more

10 aug 2015

EDP Renovaveis, the renewable energy unit of Portuguese group EDP, the third largest investor on the Romanian renewable energy sector, has completely suspended investments on the local market, more

6 aug 2015

The first half report of Hungary’s MOL shows it paid HUF15.5 billion (about EUR50 million) for the 42 Agip gas stations Italy’s ENI still had in Romania. The acquisition of the Agip gas stations more

5 aug 2015

Grup Servicii Petroliere (GSP), the offshore drilling company of Constanta businessman Gabriel Comanescu, expects revenue to drop by more than 20% this year mainly because of the abrupt decline in oil more

4 aug 2015

Lacramioara Diaconu-Pintea has been put in charge of OMV Petrom’s natural gas and energy unit this summer, an about EUR1 billion business that accounts for 20% of the ‘economy’ of the oil and more

31 iul 2015

Enel Romania, the country’s largest private electricity distributor, posted revenue of EUR497 million in the first half of 2015, down 3,5% compared with the same period a year before, according to a more

23 iul 2015

World Class Romania, Romania’s largest fitness chain, aims to open 26 more fitness units by the end of 2017, at a total of 40 units throughout the largest cities countrywide. Also, it mulls to more

21 iul 2015

The bid on Romania’s Energy Ministry selling a 26.69% minority stake in oil company Rompetrol Rafinare, which manages the Petromidia Refinery on the Black Sea coast, may take place in the first half more

16 iul 2015

Telecom operator RCS&RDS is the only company in its industry that has taken concrete steps to expand into the energy market so far, becoming an electricity supplier and producer, while its rivals are more

14 iul 2015

Tinmar Ind, the largest private electricity trader in Romania, ended last year with more than 2.4 billion lei (EUR541 million) revenue, higher than expected. more

9 iul 2015

The government collected 2.8 billion lei (EUR625 million) from the EUR0.07 per liter fuel excise duty in one year since its introduction. more

3 iul 2015

Rompetrol, the second leading player in the local oil industry, is changing the business model for its gas station network, transferring about 140 stations to dealers. more