Loading page...

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


Energy & Environment

Romgaz expects lower revenues, profit due to capped gas prices in 2019

Thursday, January 31, 2019

Romgaz, one of the most profitable state-owned companies in Romania, expects lower revenues and profit this year due to the new measures introduced by the government, especially the capped gas prices, according to Romgaz CEO Adrian Volintiru. The company, listed at the Bucharest Stock Exchange (BSE), estimates a decline of its turnover by 20-25 percent this year compared with 2018 and a reduction of its profit by RON 420 million, Volintiru said, cited ...

Romgaz and SAPE intend to build a new gas and electricity supplier

Thursday, January 31, 2019

Romgaz, one of the two largest gas producers in Romania, will build a joint-stock company in association with the the Company for the Administration of Energy Stakes – SAPE, with the supply of natural gas and electricity as main activity, energynomics.ro reports. The decision was made at the beginning of the week by the Ordinary General Meeting of the Shareholders of Romgaz, according ...

Cernavoda nuclear power plant, high nuclear security level, WANO experts say

Thursday, January 31, 2019

A team of 25 international experts from the World Association of Nuclear Operators (WANO) assessed the Cernavoda nuclear power plant in November and concluded that the plant has a high level of nuclear safety, informs a press release of Nuclearelectrica, the plant operator, sent on Wednesday."Nuclear safety is the absolute priority of Nuclearelectrica. We are therefore determined to maintain a high level of nuclear safety in all areas: operation, maintenance, ...

US, S. Korean consortium bids to refurbish Romania’s nuke power capacities

Thursday, January 31, 2019


Korea Hydro & Nuclear Power (KHNP), South Korea’s largest electricity producer, has signed a partnership agreement with the US engineering services provider Sargent & Lundy to participate in the refurbishment of Romania’s operating nuclear reactors at the Cernavoda power ...

Government extends offshore agreements with ExxonMobil and OMV Petrom to 2045

Thursday, January 31, 2019

The Romanian government passed a Decision to extend to 2045 the agreement it has with ExxonMobil and OMV Petrom on the Neptun Deep natural gas perimeter in the Black Sea, Mediafax reports. The concession agreement for the exploration, development and exploitation of the XIX Neptun perimeter was initially approved in 2000 through a Government Decision and was originally valid until 2030. Wednesday’s act extended the agreement by another 15 ...

Transgaz and EIB sign in Luxembourg 100 million euro loan agreement for Tuzla-Podisor pipeline

Thursday, January 31, 2019

 SNTGN Transgaz SA and the European Investment Bank (EIB) on Thursday signed in Luxembourg the 100 million euros worth loan agreement representing the second tranche of the loan approved for Transgaz, worth 150 million euros, reads a release of the company published on Friday on the BVB Website.The first tranche of the loan agreement worth 50 million euros was signed on December 17, 2018.The EIB granted 150 million euros for the financing of a new ...

EC asks Romania and Estonia to improve management of waste electrical and electronic equipment

Thursday, January 31, 2019

The European Commission (EC) decided on Thursday to send notice of default letters to Estonia and Romania on deficiencies in the transposition of the EU rules on waste of electrical and electronic equipment (Directive 2012/19 / EU -WEE), a press release of the community Executive shows.Waste electrical and electronic equipment, such as computers, TVs, refrigerators and mobile phones represent the fastest growing waste stream in the EU and is expected to grow to ...

Denisson Energy gets a $ 2 million bridge loan from FREE for developing CNG stations

Thursday, January 31, 2019

The Romanian Energy Efficiency Fund – FREE has granted a $ 1.96 million bridge loan to Denisson Energy (Sibiu) to support a total investment of nearly $ 6 million, energynomics.ro ...

EcoMin Badalau:  Cuprumin and Moldomin are priorities for the ministry of economy: very many had interest to block them

Thursday, January 24, 2019


Cuprumin and Moldomin are priorities for the ministry of economy,  they represent 92% of the production of copper of the country, third in Europe as  raw material,and very many had the interest to block them,stated on Thursday at Antena 3 the minister of economy Niculae Badalau. ‘I want to speak about four projects which I have, I hope that two will be accepted (…) they don’t need to be budgeted. Priorities: ...

OUG 114/2018 begins to shake under the reality check

Thursday, January 24, 2019

Almost one month after the adoption of OUG 114/2018, the main opposition party calls for the urgent abrogation of the legislative act, according to the PNL leader Ludovic Orban, energynomics.ro reads. PNL (liberal party – opposition) will ask Parliament to vote on the rejection of the ordinance, Liberal MP Marilen Pirtea, deputy chairman of the Chamber of Deputies, ...

Romgaz, SOCAR want to collaborate in large-scale international projects

Thursday, January 24, 2019


The Romanian state gas producer Romgaz and the similar company in Azerbaijan, SOCAR, have entered into a partnership to collaborate in large-scale international projects."Joining a partnership with a company as big as SOCAR, with the prospect of expansion, is important for us as it will bring major benefits not only to Romgaz, but also to the energy sector and the national economy as a whole. Romgaz wants to expand its business by exploring new opportunities and ...

Hidroelectrica and Nuclearelectrica hit by new government measure

Thursday, January 24, 2019

Two major energy state-owned producers in Romania, Hidroelectrica and Nuclearelectrica, risk being hit by a new government-backed measure that imposes a high share of their output to be sold to households at 5 percent capped profit. According to a new regulation project released by Romanian energy regulator (ANRE), controlled by the government, the suppliers of the electricity regulated market (households) – Hidroelectrica and Nuclearelectrica ...

PM Dancila: construction of Ungheni-Chisinau gas transmission pipeline remains a priority objective

Thursday, January 24, 2019


Prime Minister Viorica Dancila reiterated on Thursday that Romania supports the European journey of the Republic of Moldova and one of the main investment objectives remains the construction of the Ungheni-Chisinau gas transmission pipeline."Romania firmly endorses the European journey of the Republic of Moldova and the joint investment projects, these being certain solutions for the welfare of the citizens of this state. Furthermore, we are carefully watching the ...

Engie takes over Gazprom’s Wirom gas distribution network in Bucharest

Thursday, January 24, 2019

The French energy group Engie will take full control over the Wirom Gas distribution firm in Bucharest that is currently controlled by Gazprom (51.1%) with the rest of 48.8% shares held by Engie. The deal is being analysed by the Competition Council, according to ...

AFEER: Nowhere in the EU there was the change from the free energy market to regulated prices so suddenly and without consultations

Thursday, January 17, 2019

No country in the European Union came back to regulated prices for energy after the deregulation of the market so suddenly and without any consultation with the specialists on the market as Romania wants to do it, stated Ion Lungu, the chairman of the Association of the Suppliers of Electricity in Romania (AFEER).This, in the context where the government approved on 21 December 2018 the emergency ordnance 114 which includes the coming back to regulated prices for ...

Black Sea Oil &Gas received the agreement ACROPO for the development of the area MIdia from the Black Sea

Thursday, January 17, 2019


The Authority for the Regulation of Oil Offshore Operations at the Black Sea (ACROPO) finalized the evaluation of the documentation corresponding to the drafting regarding the development of the Midia area, draft developed by the Black Sea Oil & Gas and gave their agreement so that the draft goes further, according to a press release of the institution.Further on, the ministry of energy must issue the document for the authorization of the offshore ...

New methodology shows how energy and gas companies in Romania should pay the 2 pct turnover tax

Thursday, January 17, 2019

Any company that has a licence for electricity or natural gas distribution will be required to pay a 2 percent turnover tax for 2018 to the National Energy Regulation Authority (ANRE). By February 20, all licence holders will have to report an estimation of their 2018 turnover from energy-related activities to ANRE, according to the application methodology published on Tuesday by ANRE. If companies miss the deadline, the 2 ...

Miners remain on strike as government avoids negotiations

Thursday, January 17, 2019

The management of the Romanian state-owned coal and power complex CE Oltenia (CEO) failed to reach an agreement by Tuesday, January 15, with the miners who went on strike at the beginning of the week despite accepting 10-24% wage hikes with the lowest wages hiked by 24%. The company’s management also promised to approach the Government with the request of waiving the 2% tax on revenues for coal companies, ...

Gold mining project in Certeju de Sus blocked; Cluj Court cancels urban plan

Thursday, January 17, 2019

The gold mining project in Certeju de Sus rural town, Hunedoara County, carried out by Deva Gold, is now blocked, as the Cluj Court canceled the zonal urban plan (PUZ) necessary for the mining works to be approved, for without the zonal urban plan there can no longer be issued the building authorization for the gold mine, claims the Mining Watch Romania organisation, in a release."This is by far the most important step made into stopping this illegal mining ...

The economy used 5.9% more electricity in Jan-Nov

Thursday, January 17, 2019


Romania’s economy used 41.25 TWh of electricity in January-November last year, which was 5.9% more than in the same period of 2017. This compares to an industrial output advance of around 4% (November industrial data was not released yet), implying certain rise of the energy intensity that is in line with the advance of energy-intensive industries (car production, glass and cement production). In contrast, households used ...

Premium News


Friday, September 20, 2019

Financial & Banking

Monday, September 16, 2019


Tuesday, September 17, 2019


Wednesday, September 18, 2019

Energy & Environment

Thursday, September 19, 2019