Loading page...

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


Energy & Environment

Romania has sufficient energy renewable sources, consider 65% of the citizens

Thursday, March 11, 2021


Romania has sufficient energy renewable sources, consider 65% of the citizens, according to a sociological research in the project ‘ Sustainable Romania’ which shows the way in which the public opinion considers the sources of green energy and the way they evaluate access to energy services.The indicators refer to the Objective for Sustainable Development ODD7 ‘ Clean energy and accessible prices’in the National Strategy for ...

KJK Balkan asks buy-back at KazMunayGaz’s RO oil service division

Thursday, March 11, 2021

Finnish investment fund KJK Balkan, which holds 10.7% of Rompetrol Well Services (PTR), the Romanian oil services division of KazMunayGas International (KMGI), proposed a share buy-back program of up to 28 million shares at a maximum price of RON 1.5 per share to reduce the share ...

Nuclearelectrica conditions nuke plant expansion on state support mechanism

Thursday, March 11, 2021

The management of Romanian state-controlled nuclear power producer Nuclearelectrica (SNN) says the Government should set the terms, including the support mechanism, before going ahead with the preliminary investment decision for the EUR 7 billion expansion of the Cernavoda power ...

Nuclearelectrica seeking agreement with Romanian state on financing, support for construction of Cernavoda NPP Units 3 & 4

Thursday, March 11, 2021

Cernavoda nuclear power plant operator Nuclearelectrica (SNN) will make the decision to invest in the construction of NPP Units 3 and 4 provided that it concludes an agreement with the Romanian state establishing the financing method and support mechanisms for this project, states the 'Strategy for the continuation of the Units 3 and 4 project", a document that will be discussed in the General Meeting of the Company's Shareholders scheduled for April 5, ...

Electrica Group – net profit of 388 million lei (+87,5%) in 2020

Thursday, March 11, 2021


Electrica Group obtained a consolidated net profit of 388 million lei in 2020, up by 87.5% (181 million lei) compared to the previous year. The profit before taxes (EBITDA) reached 953 million lei, by 235 million lei higher than in 2019.   Increased EBITDA was mainly driven by the evolution of the supply segment against the background of recovering some differences in the power acquisition costs on the regulated supply ...

Gabriela Dan-Unterseth is the new President of the Authority for Regulating the Offshore Oil Operations at the Black Sea – ACROPO

Thursday, March 11, 2021

Gabriela Dan-Unterseth was appointed in the position of president, with the rank of state secretary, of the Black Sea Offshore Oil Regulatory Authority – ACROPO.   A graduate of the Geology Faculty in Bucharest, Gabriela Dan-Unterseth has a PhD in France. She worked for 14 years at one of the world’s major marine investigation companies, Fugro, where she has occupied various positions and engaged in ...


Thursday, March 11, 2021

Enel Energie and Enel Energie Muntenia are supporting small businesses, startups and registered individuals through the "Investing in small businesses and local entrepreneurs" campaign, with a dedicated electricity offer that provides free access* to flexible workspaces, both in the country and abroad.   Local entrepreneurs who choose Enel Simplu Salut B2B benefit from a fixed price for electricity, valid for 12 months from ...

EU Parliament votes to retain free CO2 quotas for industry

Thursday, March 11, 2021

The European Parliament has rejected proposals to phase out free CO2 pollution credits for industries covered by the EU’s Emissions Trading System (EU ETS), even as the bloc plans to gradually replace the scheme with a carbon levy at its border. The move came as lawmakers voted on Tuesday evening (9 March) on plans to impose a carbon charge on imports of goods coming into the European Union, as a way to shield EU industries ...

ANRE fines four energy suppliers with 2 million lei for disregarding law  in liberalization context

Thursday, March 4, 2021

The National Energy Regulatory Authority (ANRE) fined Hidroelectrica, E.ON, Electrica and Enel with 2.01 million lei for not observing regulations in supplying electricity in the context of market liberalization, according to a press release.   Considering protests received from consumers, ANRE initiated and completed control actions carried out at electricity ...

The  Electrica Group planned investments worth 712.4 million lei for this year

Thursday, March 4, 2021


The Board approved the consolidated value of the investments plan of the Electrica Group for 2021, worth 712.4 million lei, the largest part being the distribution sector.    ‘In the meeting on 26th February 2021, the Board approved the consolidated value of the Investment Plan (CAPEX)of the Electrica Group for 2021, worth 712.4 million lei. Out of this value: 638.9 ...

Romgaz posts net profit rising by 15% and business dropping by 19.8%, for 2020

Thursday, March 4, 2021


The gas producer Romgaz obtained last year a net profit of 1.25 billion RON, rising by 15.14% from 2019, but the company's turnover has gone down by 19.79%, to 4.07 billion RON, given that the quantity of natural gas sold was 10.1% smaller."The turnover's slashing comes from the diminishing of 24.48% of income from the sales of natural gas, in both the production of Romgaz, as well as for those acquired for reselling and through associating as well. Instead, the ...

Romgaz to file a bid to take over the Exxon stake in the Black Sea natural gas project

Thursday, March 4, 2021

Romgaz will file a bid to take over the Exxon stake in the Black Sea natural gas project “Neptun Deep” in the upcoming two months until the incumbent interim GM’s term expires, Energy minister Virgil Popescu has ...

EDP Renewables is ready to continue investing in Romania, but waits for the CfDs

Thursday, March 4, 2021

EDP Renewables is ready to continue investing in Romania, told Energynomics officials of the company, the day when EDPR announced their financial results for ...

Canada ambassador Goulet: Canadian nuclear industry is interested in working on Cernavoda Unit 1 retrofitting project

Thursday, March 4, 2021

  Canada and the Canadian nuclear industry express their interest in working alongside Romanian partners for the retrofitting project of Unit 1 and the construction of new nuclear units at CNE Cernavoda, declared, during a specialty conference, Annick Goulet, the Canadian ambassador to Romania, Bulgaria and the Republic of Moldova.Today, Romania and Canada, through the cooperation from the nuclear field, advance on hitting development and decarbonization ...

Ludovic Orban: this year the first offshore exploitation is likely to kick off

Thursday, March 4, 2021

  The Speaker of the Deputies’ chamber, Ludovic Orban stated on Saturday in Focsani that it is likely that,during this year, the first offshore exploitation starts working, mentioning that a part of the taxes to be collected from these gas exploitations from the Black Sea will be gathered in a fund to finance investments.‘For gas,besides the allocation of 200 million for the present year, I think that we can require ...

E.ON Romania's Paasch:Energy consumers, not to rush to conclude new contracts, liberalization, not done overnight

Thursday, February 25, 2021

Energy consumers should not panic or rush to conclude new contracts, because they can make this change at any time, in the context of market liberalization from January 1, Manfred Paasch, general manager of E.ON Romania, told an interview for Agerpres.He is convinced that, a year after liberalization, the market will look completely different. Competition will increase between suppliers, offers will be diversified and thus costs will decrease and services will ...


Thursday, February 25, 2021

MOL builds on the changes of the external environment and updates its 2030 strategy, integrates it with sustainability goals. MOL keeps key initiative as they proved to be progressive and successful, but now accelerate business transformation  MOL will transform its traditional businesses for the low-carbon future by making them even more efficient and focused. Downstream will ...

Nuclearelectrica: Construction of reactors 3, 4 to cost 7bn euros and to start in 2024

Thursday, February 25, 2021

The construction of Cernavoda nuclear plant's reactors 3 and 4 will cost 7 billion euros, and the investment decision and construction site mobilization is estimated for 2024, Cosmin Ghita, general manager of Nuclearelectrica, told a Tuesday's relevant conference."Therefore, we expect that the commissioning of Unit 3 will be, according to National Integrated Plan for Energy and Climate Change, around 2030-2031, which means a site mobilization around 2024. Until ...

Black Sea Oil & Gas to start extraction of offshore gas in Romania in November

Thursday, February 25, 2021


Romania-based Black Sea Oil & Gas (BSOG) will begin extracting offshore natural gas in Romania in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax, according to Reuters.The additional tax on offshore projects is the last remnant of a series of price caps, taxes and export restrictions introduced two years ago by a previous centre-left government. The changes, most of which have since been ...

Premium News


Monday, September 27, 2021

Financial & Banking

Monday, September 27, 2021


Tuesday, September 21, 2021


Wednesday, September 22, 2021

Energy & Environment

Thursday, September 23, 2021