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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Transgaz Set To Distribute RON66M Dividends From Its 2023 Profit
03.21.2024
Natural gas transmission company Transgaz (TGN.RO) has called its shareholders to approve, among others, the distribution of RON66 million as... more
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OMV Petrom Budgets RON5.2B Net Profit In 2024
03.19.2024
OMV Petrom (SNP.RO), the largest oil company in Romania, has budgeted RON5.2 billion net profit for 2023, an increase of 31% on the 2023 figure,... more
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Delgaz Grid Continues Investments In Upgrading Electricity Networks In Suceava
03.19.2024
Delgaz Grid continues its investments in smart meters and the modernization of electrical networks in Suceava (northern Romania). more
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Hexing Technologies Europe Leases 8,000 Sqm In Globalworth Timisoara Industrial Park
03.18.2024
Hexing Technologies Europe SRL, a subsidiary of Hexing Group, a provider of green energy solutions, listed at the Shanghai Stock Exchange, has... more
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OMV Petrom Executive Board's Proposal For Distribution Of RON2.5B Dividends Approved By Supervisory Board
03.16.2024
The proposal of OMV Petrom's Executive Board for the distribution of dividends in the amount of RON2.5 billion for the financial year 2023, namely... more
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Nuclearelectrica Makes New Term Deposit With CEC Bank, Of RON250M, At 5.75% Annual Interest
03.16.2024
State-run nuclear power producer Nuclearelectrica (SNN.RO) made a term deposit of RON250 million with state-run lender CEC Bank on Thursday (March... more
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Distributie Oltenia To Invest RON48M In Electrical Networks In Mehedinti County
03.13.2024
Electricity distribution company Distributie Oltenia will be investing RON48 million in a project aimed at expanding the electrical distribution... more
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GES Furnizare, Part Of Simtel Group, Signs First Electricity Supply Contracts
03.13.2024
Simtel Team (SMTL), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national leader... more
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Rompetrol Rafinare Starts General Turnaround Of Petromidia Refinery
03.08.2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has started the general turnaround of the Petromidia refinery,... more
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Hidroelectrica Completes Repair And Maintenance Works On Costisa Hydropower Plant In RON6M Investment
03.08.2024
Romania’s biggest energy producer, Hidroelectrica, has announced the completion of repair and maintenance works on its hydropower plant in... more
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European Commission OKs EUR3B Romanian State Aid Scheme To Support Onshore Wind And Solar Photovoltaic Installations
03.07.2024
The European Commission has approved a €3 billion (RON 15.22 billion) Romanian scheme to support installations producing electricity from onshore... more
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Romgaz Seeks Shareholder Approval To Acquire Natural Gas Supplier
03.06.2024
Romanian state-run natural gas producer and supplier Romgaz (SNG.RO) announced in a stock market on Wednesday (March 6) that it summoned the... more
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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
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.