Economics
March 04, 2014 14:32
Erste Group Bank AG together with Banca Comercială Română (BCR) and the European Bank for Reconstruction and Development (EBRD) provide a financing worth 76 million euro for the construction of the 108 MW wind farm Crucea North, located in the Dobrogea region. The project which consists of 36 wind turbines, each one with a power capacity of 3 MW, is developed by Crucea Wind Farm S.A. that is fully owned by STEAG GmbH, a leading power producer in Germany. Total investment costs come to approximately 200 million euro, a press release announces....more »
March 03, 2014 14:48
The upward trend Nuclearelectrica has seen within the first nine months of the past year has been confirmed by the financial report the nuclear company released at the end of the last week and that shows a major improvement, especially in terms of profit which amounted to some 417.4 million lei, 17 times more than in 2012. However, these are preliminary results. ...more »
March 03, 2014 11:36
Gabriel Dumitrascu, General Director of the Directorate-General for Privatization and Management of State Ownership in Energy, has been unanimously appointed as the new special administrator of Hidroelectrica during the Extraordinary General Meeting of Shareholders held on Friday, February 28. The assembly has been called by Remus Borza, representative of EURO INSOL, the judiciary administrator of the electricity producer, a media release informs....more »
February 28, 2014 14:55
Romania’s Energy Regulatory Authority, ANRE, has issued a decree establishing for 2013 an obligatory quota of green certificates to be purchased by electricity suppliers of 0.224 green certificates (GCs) for each MW produced. This quota is nearly double compared to the previous year when it was 0.1188 GCs/MW....more »
February 28, 2014 11:29
Following the loss of nearly 277 million euro in 2012, BCR has recorded a major advance last year, posting a profit of some 134 million euro on a significantly better operating result which balanced the costs related to risk provisions that are still high. Although there was a decline by 8.9 percent in total assets which dropped to around 15 billion euro, BCR has preserved its market share, remaining the leading bank in Romania....more »
February 27, 2014 12:53
In its probably most important year, given the successfully run IPO last fall, Romgaz recorded a lower profit compared to 2012, although the turnover has advanced....more »
February 26, 2014 17:06
The state-owned company is again insolvent following the decision of the Bucharest Court of Appeal which admitted the appeals of the energy traders Hidroelectrica cooperated with, Remus Vulpescu, its former insolvency special administrator, announced yesterday....more »
February 25, 2014 15:43
German group Praktiker has sold its domestic operations consisting of a 27 retail stores to Omer Susli, a Turkish man with business in the construction field, according to Mediafax which quotes some sources in the DIY market. As per the same news agency, the official announcement should be made shortly....more »
February 25, 2014 11:01
In a sector with a potential too little exploited, whose development is braked by a very intricate legislation and which is burdened by taxes such as the one on the water used or the lease price for low river beds, the Romanian HydroPower Energy Summit brought to the fore all these issues the professionals in this sector face and rang the alarm bells within regulatory authorities, though little represented at governmental level....more »
February 24, 2014 11:23
Energiaprima announces its intention to establish further solar facilities in Romania with an installed capacity of about 200 MW, thus continuing investments in our country, after completing a 105 million euro PV park in the Northern-Western area, in Satu-Mare County....more »
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