Energy
Simtel Team appoints new CEO
Romanian energy company Simtel Team has appointed Petre Stoian as CEO to consolidate its management structure as the group expands its operations.
The European Commission (EC) has approved a €150 million Romanian scheme to support electricity storage, contributing to the transition towards a net-zero economy.
The Romanian government has approved a critical emergency ordinance to maintain capped natural gas prices for household consumers
PPC Group and Metlen will establish a 50-50 joint venture for developing, constructing and operating Battery Energy Storage System (BESS) projects of up to 1,500 MW / 3,000 MWh.
Alive Capital will return to full ownership of founder Giacomo Billi following the transfer of Premier Energy's majority stake to Omnia Capital, Billi's investment holding.
Enery, an independent renewable power producer in Central and Eastern Europe (CEE), has reached financial close on a €460 million syndicated green project financing with a consortium of seven banking groups.
Romanian gas producer Romgaz recorded a consolidated net profit of RON 3.35 billion (€674.5 million) for the 2025 financial year.
State-owned power producer Hidroelectrica Group recorded a 20% fall in net profit during 2025 versus 2024 as the poor water levels significantly impacted hydropower generation and consequently the total volume of energy available for sale.
Greenvolt Power has secured €348 million in financing for the construction of a 253.1 MW wind project in Ialomița county, Romania.
Romanian energy group Electrica achieved record financial results in 2025, with preliminary net profit reaching RON 1.22 billion (€245 million), representing a 159% increase compared to 2024.
Romanian engineering group Simtel Team has reported a 68% year-on-year surge in preliminary consolidated operating revenue for 2025, reaching RON 605.7 million (€121.7 million).
Electrica has signed a memorandum of understanding with steel maker Liberty Galați for the joint development of renewable energy production and storage capacities of up to 500MW.
Rompetrol Rafinare will halt operations at its Petromidia Năvodari and Vega Ploiești refineries in early March for a scheduled technological turnaround lasting approximately 20 days.
YESS Power, the energy storage brand of Topkapı Endüstri, has delivered a 30MW/60MWh Battery Energy Storage System (BESS) at Mey Energy's 55 MW Novaci solar power plant in North Macedonia.
MOL Group disclosed its financial results for 2025, showing profit before tax of $1.3 billion, representing an 11% decrease compared to 2024. The Hungarian energy company faced a challenging macroeconomic environment, but strong downstream and consumer services results supported overall profitability.
State-owned power producer Hidroelectrica has signed a turnkey contract for the project.
Visual Fan, through its renewable energy division Allview Energy, has completed construction and installation work for a 46 MWp photovoltaic power plant in Țăndărei, Ialomița County.
AJ Brand, the Romanian developer of renewable energy projects, has completed the acquisition of the Gebeleizis 6.4 MW operational solar photovoltaic project from Eximprod.
Railway and airline transport suffered major disruptions on Wednesday morning in Bucharest region due to a red code snowstorm.
Oil major OMV Petrom has completed a €20 million investment at the Petrobrazi refinery to modernise wastewater treatment systems.
OMV Petrom will construct a photovoltaic park at its Petrobrazi refinery in Romania.
Shareholders of state-owned nuclear power producer Nuclearelectrica have approved the final investment decision for the Small Modular Reactor (SMR) project at Doicești.
State-owned hydroelectricity producer Hidroelectrica has published its preliminary operational results for 2025.
The Romanian Ministry of Energy has initiated a draft government decision to place all local entities owned by the Russian group Lukoil under extended supervision.
PPC Renewables Romania will develop a 60.12 MWh battery energy storage system (BESS) at the Sălbatica 1 wind farm.
Romania's Ministry of Finance has raised approximately €4.7 billion from international financial markets through the country's first external bond issuance of 2026.
Patria Bank has signed a contract to sell its 99.9% stake in SAI Patria Asset Management to BRD Asset Management SAI for €5.5 million.
The current conflict in Iran may only have a marginal impact on the global economy, according to an opinion by stock exchange broker Investimental.
Romania's pharmaceutical sector demonstrates resilience despite fiscal consolidation and slowing economic growth, according to Allianz Trade's latest analysis.
Mark Twain International School (IS) is preparing to open a new flagship campus in Balotești, representing a €30 million investment in private education in Romania. The opening is scheduled for September 2028.