English Edition

Romania’s Nuclearelectrica 9-Mo Net Profit Drops 68%

Τρι, 18 Νοεμβρίου 2014 - 16:23

Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, said its nine-monthnet profit dropped 68%to 99.8 million lei ($28.2million/22.6million euro) hurt bylower power prices and a newtax introduced at the beginning of the year

Carlsberg Unit Merges With Greek Olympic Brewery

Τρι, 18 Νοεμβρίου 2014 - 14:53

In a move to bolster its position in Greece, Carlsberg says its local brewer will merge with Greek beer-maker Olympic Brewery and hold a 51-percent share in the new company

Sefcovic Demands Stronger Energy Diplomacy

Δευ, 17 Νοεμβρίου 2014 - 19:01

European Commission Vice-President for the Energy Union Maros Sefcovic said that improving Europe’s diplomatic relationships with other nations is fundamental to strengthening Europe’s energy security

Romania's Rompetrol Rafinare Swings to Profit in Q3

Δευ, 17 Νοεμβρίου 2014 - 19:01

Romania's Rompetrol Rafinare said on Friday itturned to a net profit of$5.2million (4.2 million euro) in the thirdquarterfrom a loss of $7.7 million a year earlier,while turnover grew8.0% to $1.55 billion

Croatia's Dalekovod Managers Approve Issue of Bonds

Δευ, 17 Νοεμβρίου 2014 - 18:59

Croatian power transmission equipment maker Dalekovod said on Friday its management has approved issuing corporate bonds worth 16.18 million kuna ($2.6 million/2.1 million euro) and 1.24 million euro ($1.54 million)

Romania's Transelectrica 9-Mo Net Profit Surges 130%

Δευ, 17 Νοεμβρίου 2014 - 18:56

Romanian power grid operator Transelectrica said on Friday its net profit surged 130% to303 million lei ($85.3 million/68.5million euro) in the first nine months of 2014 as revenuegrew faster than costs

EU Energy Union Chief To Tackle South Stream

Παρ, 14 Νοεμβρίου 2014 - 19:57

European Commission Vice-President for Energy Union Maros Sefcovic from Slovakia said the European Union plans to discuss with member states the controversial issues concerning the planned South Stream gas pipeline

Romania's OMV Petrom Invests 30 Mln Euro in Tazlau Oil Field

Παρ, 14 Νοεμβρίου 2014 - 19:56

Romania's top oil and gas group, OMV Petrom, said on Thursday it will invest around 30 million euro ($37.4 million) by the end of 2015 in the development of Tazlau oil field, in the northeastern county ofBacau

Romania's Proprietatea to Sell Conpet Stake for 100 Mln Lei (22.5 Mln Euro)

Παρ, 14 Νοεμβρίου 2014 - 19:53

Romania's Fondul Proprietatea said on Thursday it will sell a 23.6% stake in oil pipeline operator Conpet for 99.8 million lei ($28 million/22.5million euro) viaan accelerated bookbuild offering

Slovenia's Petrol Absorbs Retail Biomass Energy Units

Παρ, 14 Νοεμβρίου 2014 - 19:50

Slovenian energy company Petrol said it absorbed two of its units, a fuel retailer, Petrol Maloprodaja Slovenija, and Ekoen Ena, a company for the production and distribution of biomass energy

EU Resolution Demands Turkey Leave Cyprus Waters

Πεμ, 13 Νοεμβρίου 2014 - 19:41

European lawmakers are expected to adopt a resolution today calling for Turkey to respect the sovereignty of Cyprus and end its exploration of the island nations’ offshore natural gas fields

Serinus Energy Starts Drilling Moftinu - 1001 Well in Romania

Πεμ, 13 Νοεμβρίου 2014 - 19:39

Oil and gas exploration company Serinus Energy said on Wednesday it has commenced drillingthe Moftinu-1001 exploration well in the Satu Mare concession in northwest Romania

Romania's Hidroelectrica Posts Record - High 10-Mo Profit

Πεμ, 13 Νοεμβρίου 2014 - 19:37

Romanian insolventhydropower producer Hidroelectrica said on Wednesday its gross profit rose 23.6% on the year to a record-high 943 million lei ($266million/213million euro) in the first ten months of the year