Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Energy & Environment

Romgaz’s shareholders agree to 5.5% dividend yield this year

Thursday, May 6, 2021

The shareholders of Romanian state-controlled gas producer Romgaz (SNG) approved the distribution of RON 690 million (EUR 140 mln) as dividends, an amount financed from last year's profit and the retained earnings account, according to a company's note to investors.   The dividend payout ratio is not much higher than 50%, which leaves resources in the company's reserves account in the view of ambitious investments related ...

Govt. rejects Transelectrica’s dividend proposal, calls for new GSM

Thursday, May 6, 2021

The Romanian Government's General Secretariat, which owns a 58.7% stake in the national power grid operator Transelectrica (TEL), rejected the company's financial reports for 2020 and the dividend proposal and called for a new General Shareholders' Meeting (GSM).   The Government motivated its request by saying that the company didn't observe the legal provisions related to the profit distribution by state-controlled ...

Electrica elects new Board members and pays dividend at 5.4% yield

Thursday, May 6, 2021

Romania's biggest electricity supply and distribution group, Electrica (EL), 49% controlled by the state, elected four new members in its seven-seat board.   The company's shareholders also voted the distribution of dividends from last year's profit corresponding to a 5.4% yield and approved a financing strategy to support the investments and "inorganic growth opportunities." The company will distribute as dividends RON 248 ...

Energy minister suspects cartel of electricity suppliers

Thursday, May 6, 2021

Energy minister Virgil Popescu "suspects an illegal cartel agreement between the energy suppliers [on the residential market]," he told local news agency Agerpres in an ...

FP's Meyer: Repeal of Law 173, necessary for listing of Hidroelectrica, as it prohibits alienation of state participations

Thursday, April 29, 2021

The listing of Hidroelectrica involves several key steps that must be followed, but first of all, the repeal of Law 173/2020, which prohibits the alienation of state participations, Johan Meyer, CEO Franklin Templeton Investments Romania and Fondul Proprietatea Portfolio Manager said on Wednesday."There are several key steps to follow. First, the repeal of Law 173 prohibiting the alienation of state participations. Hidroelectrica has two shareholders ...

EnMin Popescu: We suspect electricity suppliers, thinking we would return to regulated prices, are involved in a cartel

Thursday, April 29, 2021

The Ministry of Energy suspects that the energy suppliers have concluded an illegal cartel-type of agreement, for they did not buy the electricity to be supplied to the population at the lowest costs possible, the relevant Minister, Virgil Popescu, said in an interview to Agerpres.The ...

OMV Petrom shareholders approve 136% dividend payout ratio

Thursday, April 29, 2021

The shareholders of OMV Petrom (SNP), the biggest energy company in Romania, approved the distribution of dividends representing 136% of last year's net profit, resulting in a dividend yield of nearly 7%.The company's shares went up 2% on Tuesday, April 27, reaching their highest level in over a year.   The company will use part of the retained earnings from previous years to pay dividends totaling RON ...

OMV Petrom will lead offshore Neptun Deep operations if Romgaz replaces ExxonMobil

Thursday, April 29, 2021


OMV Petrom (SNP), the largest energy company in South-Eastern Europe, will take over the operational management of the Neptun Deep offshore gas project in Romania's Black Sea if state-owned gas producer Romgaz takes over ExxonMobil's stake in the project.   So far, US group ExxonMobil has been managing the Neptun Deep project, where it is an equal partner (50-50) with OMV Petrom. Romgaz, which is strongly ...

Fitch confirms Romanian electricity group Electrica’s BBB rating

Thursday, April 29, 2021

International rating agency Fitch has confirmed the corporate rating of BBB (Investment Grade), with a Negative outlook, for the Electrica Group (EL), a leader in the distribution and supply of electricity in Romania.   The negative perspective is imposed by the rating of Romania (BBB- with negative perspective) as Fitch considers that the rating of the company must be limited to one notch above that of the Romanian state, ...

Over 310 lei/MWh for power in 2022

Thursday, April 29, 2021

The end of April brings transactions at record prices for electricity. In an article posted on the partnerg-i blog, Theodor Livinschi, the founder of the consultancy firm, notes that futures prices for electricity are set at high levels. Furthermore, the expert suggests that the pressures for renegotiation will intensify, including the prices and conditions of contracts already signed ...

Rystad Energy – Global oil demand to peak in 2026

Thursday, April 29, 2021

The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway’s biggest independent energy consultancy Rystad said on Wednesday, according to Reuters.   World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a forecast made in November of a peak in 2028 at 102.2 ...

ExxonMobil reportedly responds to Romgaz’s offer for Neptun Deep

Thursday, April 22, 2021

Romanian state-controlled gas company has received "a first response […] to the offer to take over ExxonMobil's participation in the Neptun Deep gas project in the Black Sea," according to statements made on Tuesday, April 20, by Razvan Popescu, the company's economic director.   "Unfortunately, I can't give you many details because we are in a period in which we have to keep certain limits of confidentiality. ...

Final electricity consumption, down 2.9pct in the first two months

Thursday, April 22, 2021


Domestic energy production decreased in the first two months of the current year, compared to the same period in 2020, by 266,400 tonnes of oil equivalent (toe), to 3.063 million toe, while consumption of final electricity was 2.9% lower than in the reference period, according to data released on Tuesday by the National Institute of Statistics (INS).Official statistics show that, between January 1 and February 28, 2021, primary energy resources decreased by 8.4%, ...

Competition Council probes distribution arms of CEZ, Electrica for abusive conduct

Thursday, April 22, 2021

Romania's Competition Council has launched, ex officio, two investigations into possible abusive behavior of the electricity distribution subsidiaries of Electrica and CEZ groups (Distributie Energie Electric? Romania and Distributie Energie Oltenia) by favoring the migration of customers to energy suppliers in the same group to the detriment of other suppliers.   This was in the context of the retail ...

Ministry of Energy: We will have a national strategy for hydrogen

Thursday, April 22, 2021

The Romanian authorities plan to implement a national strategy for the use of hydrogen in energy, industry and transport, as this resource is becoming increasingly important at the EU level in the effort to reduce carbon emissions, said Dan ...

The first bond issue of Restart Energy One started trading on Bucharest Stock Exchange

Thursday, April 22, 2021

The first bond issue of the electricity and natural gas supplier Restart Energy One started trading today under ...

ANRE is granted consent to set out database for all energy and gas consumers

Thursday, April 22, 2021

The National Energy Regulator (ANRE) received consent from the the Authority for the Digitalization of Romania to implementing a platform that will contain a database with all the electricity and gas consumers in Romania, says a press release sent by ANRE on Tuesday.Within the project financed from EU funds, the main activity is that of purchasing IT - software, hardware and training platform development and implementation services necessary to develop and ...

CE Oltenia uses state aid to buy expensive CO2 certificates

Thursday, April 22, 2021

Romanian coal and power complex CE Oltenia, under insolvency, purchased in April 2.4 million CO2 certificates at prices between EUR 43.5 and EUR 44.5 per ...

RWEA launches RESInvest program to develop renewable energy production in Romania

Thursday, April 22, 2021


 The Romanian Association for Wind Energy (RWEA) announces the launch of the RESInvest program, dedicated to the localization of the value chain for renewable energy in Romania, by encouraging local production of technology used in the renewable sector and creating investment opportunities based on European funds, reads a release issued on last Thursday.RESInvest comes with recommendations of good practices for the development of the renewable energy ...

Romgaz ponders loan and bonds for Neptun Deep offshore project

Thursday, April 15, 2021


Romgaz considers a mix of financing to include a syndicated loan and bond issuance, in addition to own resources, to finance the takeover of the 50% stake in Neptun Deep offshore project from ExxonMobil and subsequent investments, said the company's economic director, Razvan Popescu.   He added that "the appetite for financing Neptun Deep [project] was unexpectedly high, even for us, both from the ...

Premium News


Thursday, October 21, 2021

Financial & Banking

Monday, October 18, 2021


Tuesday, October 19, 2021


Wednesday, October 20, 2021

Energy & Environment

Thursday, October 21, 2021