Latest news

Romania's largest electricity producer to exit insolvency by May

Romanian state-owned electricity producer Hidroelectrica hopes to finally exit its insolvency process by next month, and intends to vend a minority stake in an initial public offering by November, as stated by its manager on Sunday.

read more... 04/04/2016


Romania will forward oil and gas royalty tax law to parliament in September

Romania's government will forward a draft law on royalty taxes for the oil and gas sector to parliament in September, as declared by Deputy Finance Minister Dan Manolescu to an energy seminar on Monday.

read more... 26/05/2015


Romanian household gas prices will increase by 5-8% from July

Romanian gas prices will increase by 5-8 percent on average starting from July, as a result of the continuing market deregulation agreed under an IMF-led aid agreement, as declared by the head of the country's energy regulator ANRE.

read more... 24/04/2015


EU consents rescue assistance for Romanian coal power producer

The European Commission declared on Tuesday it would permit Romania's leftist government to offer a rescue help estimated at 167 million lei ($40.3 million) to indebted state-owned coal power producer CE Hunedoara to keep it operating for the next six months.

read more... 22/04/2015


Bulgaria and Romania start joint tender to finish gas connection

Bulgaria started a joint tender with Romania to accomplish the much-postponed gas interconnector between the Balkan neighbours, as declared by the state owned gas network operator Bulgartransgaz.

read more... 23/03/2015