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The evolution of the oil industry in Romania - important changes in the last decade»
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Enel reaches one million residential customers on Romania free electricity market

Enel Energie and Enel Energie Muntenia announced reaching the mark of one million household customers on the free electricity market in Romania.

Romelectro to modernize the Smardan power station following 23 million Euro project

The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power stati...

CEZ Group in Romania ended 2017 at a net profit level

CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortizatio...

Rompetrol Rafinare plans investments worth around 56 million USD in 2018

Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth 56.9 million USD for 2018.

Nuclearelectrica to close for maintenance one nuclear reactor at Cernavoda plant for one month

Nuclearelectrica, the state-owned company that runs Romania's only nuclear power plant at Cernavoda, said on Friday that it will shut down for 30 days one out of the two nuclear reactors in use ...

Nuclearelectrica net profit up 51.7 per cent to 41 million Euro in Q1

Nuclearelectrica, the state-owned operator of the nuclear reactors at Cernavoda, recorded a net profit of 41 million Euro in the first quarter of the year, up 51.7 per cent versus the same perio...

E-Distributie Muntenia to modernise several electricity networks in Bucharest

E-Distributie Muntenia will invest about 6.1 million Euro this year for the modernization of the medium and low voltage grids in Eminescu, Floreasca and Domenii areas in Bucharest, with the purp...

Transgaz starts working on BRUA pipeline Phase 1

Transgaz started today the construction works for BRUA (Bulgaria - Romania - Hungary - Austria) pipeline Phase 1.

Blockchain to fundamentally change the energy market

Blockchain will fundamentally change world markets, including the energy market, Daniel Pintilie, member of the Board of AFEER (Association of Electricity Suppliers in Romania) said at the Regio...

Romania fourth in Europe for natural gas production and reserves, report shows

Romania is on the fourth place in Europe for last year's natural gas production and proven gas reserves, according to a report by BP.

Romelectro signed with Transelectrica the contracts for three new substations in Romania

Following an open tender organized by Transelectrica, Romelectro was assigned the winner for the refurbishing of three substations in Romania, namely Focsani West, Roman North and Bacau South.

E-Distributie Muntenia invested 6 million RON for the modernisation of the electricity networks in Cotroceni area

E-Distributie Muntenia invested approx. 6 million RON for the modernization of the medium and low voltage networks in Cotroceni area, with the purpose to improve the quality of the electricity d...

OMV Petrom Group's profit in Q1 up by 38 per cent to 854 million RON

OMV Petrom Group recorded in the first quarter of 2018 a profit of 854 million RON, up by 38 per cent year-on-year, when it stood at 618 million RON, the company announced on Thursday.

Electricity consumption of Romania's households down 9.2 per cent in Q1 2018, statistics show

Romania'a household consumers used 9.2 per cent less electricity in the first quarter of this year, compared to the same period of 2017, for a total of 2.9 billion kWh, according to the National...

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Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar.

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the National Bank of Rom...

PayU expands to Israel through ZOOZ

PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the c...

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

TransferGo receives electronic money license

TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & transfer and other fina...

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales result published by ...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three months of the year. Accor...

CEZ Group in Romania ended 2017 at a net profit level

CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortizatio...

Enel reaches one million residential customers on Romania free electricity market

Enel Energie and Enel Energie Muntenia announced reaching the mark of one million household customers on the free electricity market in Romania.

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Editorial

Daily Info
Quarterly distribution of dividends - benefits vs costs
In July 2018, Romania joined the European Union countries where companies can distribute dividends to shareholders on a quarterly basis. This change in the Company Law is extremely welcome and has been long awa...

PayU expands to Israel through ZOOZ
PayU, the leading financial services provider in global growth markets, announced the acquisition of ZOOZ, the payment technology platform that operates in Israel. The transaction supports the continued expansi...

Romelectro to modernize the Smardan power station following 23 million Euro project
The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power station. The total va...

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank
Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTDB).

TotalSoft completed the acquisition and integration of Architected Business Solutions
TotalSoft, one of the leading vendors and integrators of business software solutions, wholly owned by Yazilim A.S. has completed the acquisition and integration procedures of Architected Business Solutions (ABS...