Loading page...

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


Energy & Environment

Coface: Global Renewable Energies: Continued Ascension Despite The COVID-19 Pandemic

Thursday, September 17, 2020


The COVID-19 health crisis has had a negative impact on short-term global renewable energy development, and challenges remain in the medium- to long-term, according to a recent Coface study sent to ACTMedia.. Renewables have strengthened rapidly in the last 20 years, particularly in power generation, increasingly gaining market share from traditional energy sources such as coal, oil, and nuclear. The COVID-19 crisis has had a significant impact on this ...

Eurostat: Romania, among the main lignite producers in the EU, in 2018

Thursday, September 17, 2020

Nine Member States in the European Union produce lignite, also called ‘brown coal’, for electricity and heat production. Germany is the main producer and accounted for about 45% of total EU lignite production in 2018 followed by Poland (16%), Czechia (11%), Greece (10%), Bulgaria (8%) and Romania (6%). All together these 6 countries accounted for 96% of the total EU production.   In 2018, 9% ...

Only 35% of Romania's population is connected to gas network

Thursday, September 17, 2020

Prime Minister Ludovic Orban declared on Friday in Orsova, where he participated in the presentation of the project "Prunisor-Orsova-Baile Herculane-Jupa natural gas transmission pipeline", that only 35% of Romania's population is connected to the gas network."Only 35% of Romania's population is connected to the gas network. Romania has gas and we almost have no petrochemistry left, because the PSD [Social Democratic Party] locusts have robbed the entire ...

Jan - July primary energy resources down 13 pct YoY

Thursday, September 17, 2020


Romania's primary energy resources over January 1 - July 31, 2020 were 13 percent down YoY, and the country's electricity resources were 4.5 percent down from the same period of the previous year, shows data released by the National Institute of Statistics (INS) on Friday.The main primary energy resources in the reporting period totaled 17,705 million toe, by 2.647 million toe less compared to the period January 1 - July 31, 2019.The domestic ...

Transgaz seeking 74 mln euro investment loan

Thursday, September 17, 2020

Romanian gas transmission company Transgaz [BSE:TGN] announced that it is seeking a bank loan of 360 million lei ($88 million/ 74 million euro) in order to finance investment projects.   Transgaz is seeking a loan with a term of 13 years, with a grace period of 1 year, payable in semi-annual instalments, it said in a statement on Thursday. The company is yet to decide whether it will take ...

Vast Resources raises 1.85 mln euro to cover additional costs of Romanian mining project

Thursday, September 17, 2020

* UK-based Vast Resources said on Thursday that it has raised 1.683 million British pounds ($2.18 million/1.85 million euro) to cover additional costs of production at its Baita Plai polymetallic project in Romania.   The cash raised will be used to secure additional working capital that is required on account of delays to cash flow caused mainly through the pause in production caused ...

OMV Petrom and Enel X to install 10 fast charging stations for electric cars in filling stations

Thursday, September 17, 2020

OMV Petrom, the largest energy company in Southeastern Europe, and Enel X Romania, member of Enel X, the division of advanced energy services of Enel Group, will install 10 fast charging stations for electric cars, in OMV and Petrom filling stations, during the next months.   The fast charging stations will be installed in OMV and Petrom filling stations covering a distance of approximately 380 kilometers on the main ...

Romgaz and GSP Power announce a new gas plant in Halanga

Thursday, September 17, 2020

Romgaz announced the project to build a new gas plant inside the old thermal power plant in Halanga, Mehedin?i. The company signed a memorandum in this regard with GSP Power, the newest division of Grup Servicii Petroliere, a company specialized in offshore services. In addition to the gas-fired plant with an installed capacity of 150 MW, the Halanga project also includes a 50 MW photovoltaic park.   The ...

Ukrainian operator GTSO wants to sign new interconnection agreements with Transgaz

Thursday, September 17, 2020

The operator of the Ukrainian gas transmission system, GTSO, intends, for the second half of this year, to sign interconnection agreements for all border points of Romania, including those on the traditional routes, Medie?ul Aurit and Isaccea, with which it does not have another agreement signed with Transgaz, “which will open access to the Romanian market”, is specified in the financial report of the company for the first half, according to ...

Czech company Photomate enters the Romanian market with Huawei FusionSolar inverters

Thursday, September 17, 2020

Photomate is a Huawei solar inverters authorized distribution partner since 2011 and is well-experienced in Huawei inverter products in technical aspects, sales and service support.   Photomate entered the Romanian market by opening this year an office in Bucharest, its activity being coordinated by Adrian Paraschiv, Country Manager for Romania. The Romanian office will offer its customers the best ...

Oltenia Complex gets environmental permit to continue operation of Rosia quarry

Thursday, September 10, 2020

The Oltenia Energy Complex (CEO) has got an environmental permit for the continuation of works in the extended license area of the investment related to the opening and commissioning of the Rosia de Jiu quarry, Gorj County, at a capacity of 8 million tons/year of lignite, reads a statement posted on the company's website on ...

Energy official: Investors will extract 10 pct of country's gas consumption from Black Sea in 2021

Thursday, September 10, 2020


Investors will extract 10 pct of the country's gas consumption from the Black Sea, starting next year, Niculae Havrilet, State Secretary in the Ministry of Economy, Energy and Business Environment, said on Tuesday at the FOREN 2020 online ...

Minister Popescu: Recent Black Sea gas discoveries to bring region into global energy industry's attention

Thursday, September 10, 2020

Following Turkey and Bulgaria's recent Black Sea gas discoveries, the global energy sector will turn its attention to this region, Minister of Economy, Energy and Business Environment Virgil Popescu said on Monday in the opening of the FOREN 2020 online ...

Elena Burmistrova, appointed as President of the Board of Directors of PROMETHEUS GAS S.A.

Thursday, September 10, 2020

  PROMETHEUS GAS S.A. announces that as of September 3rd, 2020, Ms. Elena Burmistrova, Deputy Chairman of the Gazprom Management Committee and Director General of Gazprom Export, has been appointed as President of the Board of Directors of PROMETHEUS GAS S.A., the company ...

"Electric Up" program, adopted

Thursday, September 10, 2020


The Government has adopted the "Electric Up" program, through which the SMEs in the HoReCa field have the possibility to access a non-reimbursable financing of up to 100,000 euros for the installation of photovoltaic panel systems and charging stations, announced the Chief of the Prime Minister's Chancellery, Ionel Danca."In the economic field, another draft ...

Petrotel Lukoil Refinery, fined over 20K euro for hydrogen sulfide pollution

Thursday, September 10, 2020

The Petrotel Lukoil SA Refinery was fined 100,000 RON (over 20,661 euro), after authorities noted important excesses regarding emissions of hydrogen sulfide.The institution of the Prefect of Prahova ...

AFEER becomes representative organization for gas suppliers, included, changes its name to AFER

Thursday, September 10, 2020

The Romanian Association of Energy Suppliers (AFEER) will also represent gas suppliers and changes its name to the Romanian Energy Suppliers Association (AFER), according to a statement sent on last ...

EBRD invests in Ungheni-Chisinau gas pipeline

Thursday, September 3, 2020


The European Bank for Reconstruction and Development (EBRD) is strengthening Moldova’s energy security with the acquisition of a 25 per cent stake în Vestmoldtransgaz , the gas transmission company that is operating the newly built Ungheni-Chisinau gas pipeline.   The EBRD has invested €20 million as part of a capital increase in ...

RWEA: Investments in renewable sources of energy should be included in Recovery and Resilience Facility

Thursday, September 3, 2020

The Government should include in the Recovery and Resilience Facility investments in renewable energy sources, in order to be able to access European funds for this purpose, according to a release of the Romania Wind Energy Association (RWEA) sent on Wednesday.These investments are essential for economic rebuilding at the national level at the end of this crisis period, claim the investors in the wind energy production.Furthermore, RWEA requests that ...

Transgaz reports net profit up 18 pct for first semester

Thursday, September 3, 2020

National gas pipeline operator Transgaz recorded a net profit of 231 million lei in the first half of this year, an increase of 18 pct compared to the result in the same period last year, according to the report submitted to the Bucharest Stock Exchange on Thursday. (1 euro = rd 4.84 lei) The net revenue is 139 pct higher than planned in the revenue and expenditure budget. At the same time, the company's turnover decreased by 10 pct compared to last year, to 851 million ...

Premium News


Wednesday, December 8, 2021

Financial & Banking

Monday, December 6, 2021


Tuesday, December 7, 2021


Wednesday, December 8, 2021

Energy & Environment

Thursday, December 2, 2021