Loading page...

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

Subscribe|Login

Energy & Environment

Romania’s clean energy: obstacles and ways the industry could overcome them

Thursday, June 14, 2018

* The EU’s clean energy policies and targets are challenging for Romania. The country’s technology resources could be a way forward, POLITICO.eu reads By THE ROMANIAN ENERGY ...

Romania's primary energy sources, up 3.6pct. Jan.-Apr., 2018

Thursday, June 14, 2018

 Romania's primary energy sources increased by 3.6pct in the first four months of 2018 and electricity sources advanced 0.4pct from the same period of the previous year, according to the National Institute of Statistics (INS).According to INS data, the main primary energy sources during the period January 1 - April 30, 2018 totalled 11,532 million tonnes of oil equivalent (toe), up 396,000 toe over the similar 2017 range.Domestic production ...

Romania lowers gas imports from Gazprom in 2017 by 20 pct

Thursday, June 14, 2018

Romania continues to reduce its reliance on Russian gas, as imports from Gazprom declined by 20 percent last year compared with 2016, to 1.19 billion cubic meters, according to data released by Gazprom Export, business-review.eu reads. In 2016, Romania imported 1.48 billion cubic meters of gas from Gazprom, through two intermediary companies – Conef Energy and ...

Transgaz will pay EUR 115 mln dividends

Thursday, June 14, 2018

State-owned gas transporter Transgaz will pay its shareholders a gross dividend of RON 45.38 per share instead of RON 25.22 per share as the company’s board of directors proposed. The total dividends will thus amount to RON 534 million (EUR 115 million), representing 90% of the company’s net profit from 2017. The Transgaz management argued that distributing 90% of its profit would make it difficult for it to finance ...

Romania fails to comply with EU rules on urban waste water treatment 

Thursday, June 14, 2018

The European Commission has sent another letter of notice to Romania, this time not for the air in the capital Bucharest, but for its failure to comply with EU rules on urban waste water treatment in about 400 large urban areas, balkaneu.com reades. On Thursday, June 7, the Commission decided "to send a letter of formal notice to Romania for its failure to comply with EU rules on urban waste ...

Energy Ministry gives greenlight to project allowing gas export to Bulgaria and R. Moldova

Thursday, June 14, 2018

The Energy Ministry issued on Thursday the construction permit for the consolidation of the transmission system between Onesti (Bacau county) and Isaccea (Tulcea county) and for the inversion of the gas flow on Isaccea - Negru Voda pipeline, a project that will allow the gas export from Romania to Bulgaria, according to a release of the ministry."The project which we have just authorised will allow Romania to feed Bulgaria with natural gas from our own production ...

Double profits for TOP 3 oil companies in Romania in 2017

Thursday, June 7, 2018

The three biggest oil companies active in Romania, OMV Petrom, Rompetrol and Lukoil, which combine production with distribution operations, had a combined turnover of EUR 7.8 billion in 2017, up by around EUR 1 billion compared to the previous year, business-review.eu informs. The energy giants made around EUR 595 million in net profit, with more than EUR 280 million above 2016. OMV ...

Plastic bans among ‘most effective’ ways to beat pollution, says UN

Thursday, June 7, 2018

A landmark report by UN environment experts on plastic pollution, published to coincide with World Environment Day (5 June), shows that governments across the world are starting to take action and that bans and levies are starting to take off, euractiv.com informs. The UN ...

Hidroelectrica and BCR sign contract for credit line worth 85 million lei

Thursday, June 7, 2018

Hydropower producer Hidroelectrica and the Romanian Commercial Bank (BCR) have signed a contract for a credit line worth 85 million lei in order to issue bank guarantee letters, according to documents posted on the energy producer's website.The contract is valid until December 18, 2018.From the overall amount, the sum of 36 million lei will be used to issue a bank guarantee letter, issued in favour of Romelectro, to guarantee the payments for the ...

Eurostat: in 2017 Romania had the lowest price for natural gas

Thursday, June 7, 2018

Expressed in euro, in Quarter II of 2017,Romania had a price of 3.1 euro per 100 kWh with a little under half of the average price of the EU ( 6.3euro per 100 kWh), a report of the Eurostat shows. Other member states with prices under the European average are Croatia and Hungary (3.7 euro),Bulgaria (3.8 euro) Latvia (3.9) as well as Lithuania and Luxembourg (4 euro). At the same time, the highest prices were recorded in Sweden ...

Transgaz kicks off BRUA pipeline construction

Thursday, June 7, 2018

180607102935BRUA.jpg

National gas transmission company Transgaz announces having kicked off on Monday the construction of the BRUA pipeline, a project of national interest, namely Phase I, according to a press release by the Ministry of Economy.Transgaz is building the infrastructure on Romania's territory, from the Bulgaria-Romania-Hungary-Austria corridor, Phase 1 (BRUA - Phase I) - project backed by the European Commission, important at a national and regional level, due to the ...

Black Sea offshore gas will add billions to Romania’s economy, says Deloitte

Thursday, June 7, 2018

180607103022gsp_offshore_drilling.jpg

* According to a new report by Deloitte, quoted by consultancy.eu, exploiting natural gas in Romania’s continental platform of the Black Sea could bring up to 30,000 jobs to the local labour market. The report, commissioned by the Romanian Black Sea Titleholders Association (RBSTA), aims to identify the explorations impact on the Romanian economy.  Known natural oil and gas reserves in two reserves in the Black ...

Transgaz's natural gas transmission rate to drop by 6pct, as of 1 October

Thursday, June 7, 2018

Transgaz's average natural gas transmission rate will drop by 6 percent between 1 October 2018 - 30 September 2019, according to an order of the National Regulatory Authority for Energy (ANRE) published in the Official Journal of Romania.Thus, the average rate declines from 6.98 lei/MWh to 6.57 lei/MWh.Furthermore, the Regulatory Authority decided to lower by 7.47 percent the Transgaz's revenues from the regulated activity up to 1.128 billion ...

Circular economy vital to EU’s quest to kill emissions: study

Thursday, June 7, 2018

 Reusing plastic and metal could help keep global warming below 2 degrees Celsius and allow the EU to go emission free by 2050, according to new research on the burgeoning circular economy, euractiv.com reads. Upping the ante on circular economy efforts by increasing recycling could more than halve the EU’s industrial ...

E.ON: Gas in the Black Sea will be more  expensive, but they will strengthen the energy security of Romania

Thursday, May 31, 2018

180531112519aaa.jpg

The gas to be extracted from the Black Sea will be more expensive, but they will strengthen the energy security of the country and will allow Romania to start gas export, stated Frank Hajdinjak, the general manager of E.ON Romania, in a press conference organised by the company.He explained why the price of gas in the Black Sea will be higher than that of the present production. ‘The prices will be higher, this is clear, as the ...

Single-use plastics: New EU rules to reduce marine litter

Thursday, May 31, 2018

180531112618foodpackaging_1296902c.jpg

Brussels, 28 May 2018 With the amount of harmful plastic litter in oceans and seas growing ever greater, the European Commission is proposing new EU-wide rules to target the 10 single-use plastic products most often found on Europe's beaches and seas, as well as lost and abandoned fishing gear. Together these constitute 70% of all marine litter items. The new rules are proportionate and tailored to get the best results. This ...

OMV Petrom restarts Romanian refinery after EUR 45 mln revision

Thursday, May 31, 2018

180531112733sisakrafinarie.jpg

Romanian oil and gas group OMV Petrom restarted the operations of its Petrobrazi refinery near Ploiesti after a planned revision that kept it closed for six weeks, romania-insider.com informs. The total cost of the project was EUR 45 million. The refinery is now fully operational and can process over 12,000 tons of oil per day, according to Neil Anthony Morgan, member of the OMV Petrom Directorate in charge with the Downstream Oil ...

E.ON invested 475 million lei last year to modernize natural gas and electricity distribution networks

Thursday, May 31, 2018

Companies from E.ON Romania group invested last year 475 million lei (104 million euros) to modernize natural gas and electricity distribution networks. For this year investments represent over half a billion lei, the group announced on Thursday. A new client service centre will be set up in Sibiu where 250 new jobs will be created, while 120 jobs are planned in Iasi at E.ON Software Development. In the natural gas sector, the group invested over 200 ...

KMG International, member of the Romanian Energy Center

Thursday, May 31, 2018

KMG International Group strengthens its network of domestic and international professional partnerships by joining the Romanian Energy Center (CRE), one of the most important non-government, nonprofit and apolitical organization from the Romanian energy sector that supports the development and representation of the profile domain within the European Union. "The Group pays a great importance to the expansion and consolidation of the international ...

The business of the Oltenia Energy Unit increased last year with 28.5%

Thursday, May 31, 2018

The Oltenia Energy unit, one of the biggest producers of energy in the country, reported last year a turnover higher with 28.5% from 2.28 billion lei in 2016 to 2.93 billion lei. The income grew with 18.7% from 3.68 billion lei in 2016 to 4.37 billion lei in 2017, according to the results published on the site of the company. The producer of energy registered a net profit of approximately 181 million lei against a loss of almost ...

Premium News

Daily

Friday, December 14, 2018

Financial & Banking

Monday, December 10, 2018

Economic

Tuesday, December 11, 2018

Companies

Wednesday, December 12, 2018

Energy & Environment

Thursday, December 13, 2018