06.18.2014

Bucharest Stock Exchange is flooded by the biggest share offering in its history, worth 3 billion lei (EUR700 million), in the energy system’s crown jewels Romgaz (SNG.RO) and Electrica (EL.RO). more

06.17.2014

Romanian investment fund Fondul Proprietatea (FP.RO) has raised 644.6 million lei ($198.6 million) from selling a stake of 4.99% in state-run natural gas producer Romgaz Medias (SNG.RO) via an more

06.16.2014

Romanian investment fund Fondul Proprietatea (FP.RO) on Monday launched an accelerated bookbuild offering to sell 4.99% in state-run natural gas producer Romgaz Medias (SNG.RO), a stake valued at 685 more

06.13.2014

Adrian Constantin Volintiru, one of the members of the Board of Directors of Romanian state-run natural gas producer Romgaz Medias (SNG.RO) resigned, the company announced Friday. more

05.14.2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Wednesday said its first-quarter net profit rose 82.8% to 608.38 million lei (EUR136.97 million), fueled by higher sales. more

05.14.2014

Romgaz, Romania’s biggest natural gas producer, reached revenue of above 881 million euros last year, up 17% from 2009, the toughest year for the Romanian economy after the collapse of Lehman more

05.13.2014

The European Bank for Reconstruction and Development is interested in buying stakes in Romanian state-owned companies, but is also mulling the country’s small and medium sized companies, said more

05.01.2014

Romanian natural gas producer Romgaz Medias (SNG.RO) has planned over 1.1 billion lei (EUR247 million) investment for this year, 30% more than in 2013 after speeding up exploration to uncover new gas more

04.29.2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Monday approved paying out a gross dividend of 2.57 lei (EUR0.576) a share for 2013, down 7.15% from a year earlier. more

04.18.2014

Romania’s state-run natural gas producer Romgaz (SNG.RO) filed legal action against electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) to recover debts worth RON240.3 million, more

04.15.2014

Romania's government via the Finance Ministry will get more than 1.57 billion lei (EUR351 million) in dividends from listed companies this year, more than one third of the total dividends paid by the more

04.07.2014

Romgaz Medias (SNG.RO), the largest natural gas producer in Romania, is in talks with a US company to sell 50% of its stake in two oil blocks in Poland. more

04.01.2014

Eugen Dragos Doros, member in the board of directors of Romania’s state-run natural gas producer Romgaz (SNG.RO), resigned, the company announced. more

03.27.2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Wednesday recommended paying out a gross dividend of 2.57 lei (EUR0.574) a share for 2013, down 7.15% from a year earlier. more

03.18.2014

Romania’s state-run natural gas producer Romgaz (SNG.RO) will postpone a decision regarding its participation in two major energy projects pending further research, Minister-delegate for Energy more

02.27.2014

Romania’s state-run natural gas producer Romgaz (SNG.RO) Thursday reported a 16.8% drop in its 2013 net profit, hit by higher depreciation costs and a special income tax introduced by the local more

02.25.2014

Romanian state-run natural gas producer Romgaz Medias (SGN.RO) has an investment program of over 1 billion lei (EUR222 million), out of which up to 80% will be used for exploration, Virgil Metea, the more

02.25.2014

Romania’s largest natural gas producer Romgaz (SNG.RO) has reduced by almost 20% its production in the past decade. The only good news is that decline slowed down in 2008-2012. more

02.19.2014

Romanian state-run natural gas producer Romgaz Medias (SGN.RO) plans to sell around 563,000 megawatt hours of electricity on the local energy exchange OPCOM in a bid to raise 106.96 million lei (EUR24 more

01.31.2014

Romanian natural gas producer Romgaz Medias (SNG.RO) will “soon” select a bank for signing a bank facility agreement to open a documentary letter of credit and to issue bank guarantee letters of more

01.29.2014

OMV Petrom (SNP.RO) and ExxonMobil became the titleholders for the deep water portion of the XV Midia Block, after the Romanian government approved the transfer of hydrocarbon exploration and more

01.14.2014

Petrom and Romgaz, the largest hydrocarbon producers in Romania, paid royalties of some 500 million lei (EUR115 million) to the state budget in the first six months of 2013, according to data provided more

01.06.2014

The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill their more

12.30.2013

The shareholders of Romanian natural gas producer Romgaz Medias (SNG.RO) have appointed three new members in the company’s managing board and reconfirmed four other members. more

12.24.2013

ZF has listed the main events of 2013 in Romanian business, which include the biggest-ever profit made by a company in Romania, the opening of the first bridge linking Romania to Bulgaria in more than more