about us | newsletter | contact | archive | members area
Mihai Patrascu, evoMAG
Competition is beneficial to the end customer»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |
ExxonMobil launches auction for drilling services in the Black Sea

ExxonMobil has launched an auction in SEAP (the electronic public acquisition system) for a framework deal regarding drilling services in the Black Sea.

Enel announced as title sponsor for the FIM MotoE World Cup

Enel will be the title sponsor of the upcoming FIM MotoE World Cup, the world's first fully electric motorcycle circuit racing series recognised by the Federation, naming the series the FIM Enel...

Nuclearelectrica reports net profit up by 172 per cent to 303 million RON in 2017

The energy producer Nuclearelectrica, which operates the nuclear plant from Cernavoda, posted a net profit increase by 172 per cent to 303 million RON in 2017, according to the preliminary data ...

Mol Group posts highest profit in a decade in 2017

Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all busine...

Electrica Group launches its first sustainability report

Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

Socar has opened the second filling station in Brasov and reaches a total of 39 stations

Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

Electrica invested a record of 727 million RON in the distribution networks in 2017

Electrica Group's investments in the distribution networks reached a record of 727 million RON in 2017. At the same time, the Distribution Operators of the Electrica Group have assumed for 2018...

Investments in wind energy down 19 per cent in EU in 2017

Expenditure for new production capacity for wind energy in Europe has decreased by a fifth in 2017, down to the lowest level in the past three years, according to WindEurope.

Electrica posts net profit of 257 million RON in 2017

Electrica, one of the most important company in distribution and supply of electric energy in Romania, posted a net profit in decrease by 3 per cent to 256.9 million Euro at the end of December ...

OMV Petrom doubled its profit last year

OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

MET Romania to continue its development on the local market

Following the successful completion of Repower's takeover, MET Romania aims to analyze other opportunities on the local market, thus continuing to invest either by taking over other suppliers or...

Transelectrica gets 27 million Euro from EC for new power line

Romania's power grid operator Transelectrica, which is controlled by the state, will get a non-reimbursable financing from the European Commission worth 27 million Euro.

OMV Petrom to build 18 million Euro fuel storage facility in western Romania

OMV Petrom, the biggest oil and gas group in Romania, has started building a new fuel storage facility near the city of Arad, in Western Romania.

Oil Terminal reports net profit of five million RON in 2017

Oil transport company Oil Terminal recorded a net profit of 5.09 million RON in 2017, down 66.9 per cent year-on-year, according to the preliminary financial data published by the Bucharest Stoc...

Tender close to 80 million Euro for retechnologization of Hidroelectrica's Vidraru plant

Hidroelectrica has launched an international public tender for the retechnologization of hydroelectric power plant Vidraru.

Energy price for households to increase as of 1 January

The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

The increase of the final gas price for the population, determined by higher acquisition costs, says ACUE

As a result of the increase of the cost of gas purchases paid by suppliers to the natural gas producers, ANRE decided, according to the methodology in force, to raise the final gas price for the...

More on News
Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Ciolacu and Defense Mi...

President Iohannis: The Romanian society is mature and active and needs a state to match it

President Klaus Iohannis stated, on the occasion of the annual meeting with the heads of diplomatic missions accredited in Bucharest, that the Romanian society is a mature one, which proved capa...

2 Comments

Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot be negotiated, Preside...

1 Comment

President Iohannis meeting Juncker and Tusk in Brussels, modifications in Romanian justice among topics

President Klaus Iohannis is to meet on Wednesday, in Brussels, with President of the European Commission Jean-Claude Juncker and with President of the European Council Donald Tusk, according to ...

1 Comment

PM-designate Dancila: "It's important to implement governing programme"

Prime Minister-designate Viorica Dancila stated that it's important to put into practice the governing programme, but also 2018- the Centennial Year and prepare to take over the Presidency of th...

1 Comment

Iohannis: Romania's progress bound to stable legislation able to punish abuses

Romania's progress is inseparably bound to a coherent, stable legislation able to punish abuses and dishonesty, said President Klaus Iohannis, pointing out that the government has the obligation...

4 Comments

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Romania. "I am leaving w...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increase access to financing...

BNI Romania members registered 50 per cent higher turnover in 2017

BNI Romania, member of the global network of reference-based professional networking, Business Networking International, registered a turnover of 6.2 million Euro in 2017, 50 per cent more than ...

European Commission grants Romania 800 million Euro to finish 2007-2013 projects

The European Commission (EC) has granted Romania 800 million Euro to help it finalize some big projects started during the 2007-2013 financial exercise.

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation of the annual plan for ...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support investments targeting...

Gothaer ended 2017 with a 22 per cent growth in GWP

Gothaer Asigurari Reasigurari ended 2017 with a close to 22 per cent growth in Gross Written Premiums (GWPs) versus 2016.

Elvila opens listing season of 2018 by a technical listing on the AeRO market of Bucharest Stock Exchange

Shares of Elvila SA, symbol ELV, a leading furniture producer in Romania, started trading on the Alternative Trading System of Bucharest Stock Exchange (BVB) in the AeRO Premium category as of F...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower pace of industry a...

advertising

advertising

advertising

advertising

Editorial

Daily Info
EIB offers Romania 13 billion Euro financing in 25 years
The European Investment Bank (EIB) has granted Romania 13 billion Euro worth of loans since starting its operations in the country, in 1992, according to a report of the institution.

Germanos stores in Romania rebrand into Telekom
Telekom Romania, the second-biggest telecom group on the local market, has started the rebranding process of the Germanos shops into Telekom.

OMV Petrom doubled its profit last year
OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

Complet Electro Serv appoints Cristian Laza as new CEO
Complet Electro Serv, part of Altex Romania, has appointed Cristian Laza as CEO of Complet Electro Serv, producer and distributor of electric-IT equipments.

Mol Group posts highest profit in a decade in 2017
Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all business segments....