ANRE: Special construction tax will swell bills by 1-2%
Regulated price of electricity could increase from January 2015 to 1-2%, after companies in the sector will require recognition of…
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General Interest
Petrom, Exxon and Transgaz signed an agreement for transporting gas from the Black Sea
OMV Petrom, Exxon and Transgaz Mediaș signed an agreement last week granting that gas production from the Black Sea will…
Vestas revenues in Romania exceed the 200 million euro mark
Vestas, the largest wind turbine manufacturer in Europe, last year reached a turnover of approximately 204 million euro in Romania,…
European Commission warns Bulgaria to suspend South Stream
Commission President José Manuel Barroso made it plain that the EU executive would impose infringements on Bulgaria regarding the Gazprom-favoured…
Exxon Mobil expands cooperation with Rosneft, in spite geopolitical of tensions
Texas-based oil giant ExxonMobil and Russia’s state-controlled oil company Rosneft shook hands Friday while the U.S. and European nations continue to discuss…
GE promises Alstom’s Nuclear-Equipment Business Would Remain in France
Alstom’s nuclear-equipment business wouldn’t leave France, a senior General Electric Co. executive said Saturday in an attempt to assuage government…
FIC: Special Construction Tax will create major distortions, it should be reviewed
Foreign Investors Council (FIC) argues that the introduction in the current form of a special construction tax, known as the…
Joe Biden: US is ready to help Romania secure energy independence
United States of America is ready to provide necessary help Romania to secure energy independence and cover resources that currently…
Five days prior to collection, “the pole tax” remains marked by uncertainty
###author### The energy industry will be hardest hit by the on tax special constructions of 1,5%, the so- called “pole…
FP is about to exit from Transelectrica shareholding
Fondul Proprietatea (FP) would want to sell its 13.49% stake in Transelectrica and it selected Romanian brokers to seek buyers,…
Alro reported a net loss, due to energy taxation and low aluminum price
###author### Alro, one of the largest aluminium producers in Central and Eastern Europe, announces today its financial results, prepared in…
S&P offers investment grade to Romania, external lending gets easier
Standard & Poor’s upgraded Romania to investment grade for the first time since 2008 as the economy grows and the…
Rompetrol Rafinare – 48% turnover growth, due to the sales increase
###author### During the first quarter of the year, the consolidated turnover of Rompetrol Rafinare, a member company of KMG International,…
Gazprom asks Ukraine to pay in advance for future gas supplies
Gazprom notified the Ukrainian state company Naftogaz for the advance payment of the equivalent natural gas to be delivered in…
