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MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the first nine months of ...

Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie through its subsidiary...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....

Economy-wide minimum wage must be done through a transparent, objective and predictable mechanism, says ACUE

The members of the Federation of Associations of Energy Utility Companies (ACUE) expressed their concern over frequent changes to labor legislation, promoted by the Government over a short time ...

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total revenue stood at 3...

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will b...

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...

Oil Terminal cuts wages by 25 per cent for ten days

Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be affected by the measure decided after the company concluded the first semest...

MET Group completes RWE Energie Romania takeover

Met Group is now the official owner of RWE Energie Romania after the successful completion of the company's share purchase transactions. This new acquisition strengthens the group's position on ...

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consumers of the methodol...

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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Transgaz to complete Vestmoldtransgaz takeover next week

Transgaz's takeover of Vestmoldtransgaz will be completed the following week, after the suspensive clauses of the privatization contract are closed.

Intersport brand opened a store In Iulius Mall Iasi

International sporting goods brand Intersport recently opened a store in Iulius Mall Iasi. Located on the second floor of the mall, the store spans on approximately 860 sqm and will complete the...

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President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP Bank Romania becomes th...

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with 2015-2016 their me...

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, according to a press release....

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction and Development (EBRD)....

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace as a result of the emer...

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will b...

MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the first nine months of ...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total revenue stood at 3...

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Editorial
Changing the game - Reinvention

Reinvention is all about letting go of everything but your very best and finding even better ways of using it. The true essence of sustainability is reinvention.

Daily Info
Building for the future, now
The decision to buy a house is one we probably make once or twice in our lifetime. Therefor we want this decision to be the right one. A house should last the passing of time, fostering beautiful memories not o...

certSIGN leases 2,300 sqm in AFI Tech Park 1 office building
The Romanian IT company certSIGN has leased 2,300 sqm in AFI Tech Park 1 office building, which now reached a 60 per cent occupancy rate.

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business
Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will be around 1.8 bil...

Colt Technology Services to expand IQ network in Central and Eastern Europe
Colt Technology Services has today announced the expansion of its IQ Network in Central and Eastern Europe. Colt is investing in the region as a response to its rapid economic growth, providing the high bandwid...

FAN Courier consolidates its leading position on the Romanian courier market, accelerates investment
FAN Courier is consolidating its leadership position on the local courier market for the 12th consecutive year, amid doubling of investments and market growth.