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Local social entrepreneurs endorsed to deliver solutions for energy poverty

Romania, Bulgaria, Czech Republic, Hungary and Poland, account for a large share of the estimated >50 million EU citizens who cannot afford enough energy to support their health and well-being. In extreme cases, families may have to choose whether to ...

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Competition Council conducts investigations on Romgaz and OMV Petrom

The Competition Council (CC) has initiated an investigation to check the conditions for gas delivery by Romgaz and OMV Petrom to their own energy producing plants, the institution informs on its website. “Within the investigation started in February, the Competition ...

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ROPEPCA – Expert analysis confirms: GEO 114/2018 will have negative effects on the natural gas market and the entire Romanian economy

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) brings to public opinion the results of a study analyzing the impact of Government Emergency Ordinance no. 114/2018 (GEO 114/2018) on the natural gas sector in Romania. The study, made by ...

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MOL’s retail fuel sales in Romania maintained their strong level in 2018

In 2018, MOL’s retail fuel sales in Romania maintained its strong 2017 level. Retail diesel sales noted a slight increase in 2018 (by 1%), while its gasoline sales were marginally lower compared with 2017. MOL Group announced its financial results ...

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Romgaz loses lawsuit against Court of Auditors, will pay damages worth RON 200m. Bonuses to be recovered from former managers

Romgaz has announced losing the lawsuit against the Court of Auditors, following the decicions made by the Alba Iulia Court of Appeals. The court’s decision refers to checks conducted by the Sibiu Court of Auditors at Romgaz in 2016. Following ...

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Backpedaling on GEO 114? Fin Min: the ordinance will have to be discussed in the ruling coalition. Tariceanu: The 2 pc tax on energy companies’ turnover- excessive

Romanian Finance minister, Euegn Teodorovici has stated on Wednesday evening that the energeny ordinance no 114 will be decided only after a debate in the ruling coalition, and after that in the Government. „Amending GEO 114 is a topic that ...

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Competition Council approves some OMV Petrom SA assets takeover by Mazarine Energy

The Competition Council has approved the transaction whereby Mazarine Energy Romania SRL takes over OM Petrom SA assets, i.e. oil fields, the institution informs on Thursday. The Council approved a similar deal between the two companies in 2017, when Mazarine ...

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