Tag: energy (106 articles)

Energy   |   9 March, 2026 at 8:50 AM

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.

Energy   |   27 February, 2026 at 11:00 AM

Romgaz profit gains 4.4% in 2025

Romanian gas producer Romgaz recorded a consolidated net profit of RON 3.35 billion (€674.5 million) for the 2025 financial year.

Energy   |   27 February, 2026 at 10:00 AM

Hidroelectrica reports 20% profit drop in 2025

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.

Energy   |   20 February, 2026 at 5:00 PM

MOL Group reports 11% drop in pre-tax profit during 2025

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.

Economy   |   19 February, 2026 at 2:00 PM

Romanian business leaders most optimistic in CEE despite rising risks

Nearly two-thirds (62%) of Romanian business leaders anticipate increased threats to their companies in 2026, yet over four in five (85%) remain optimistic about growth prospects for their organisations, according study by Grayling among top executives from IT, finance, energy, retail, health and media sectors.

Energy   |   4 February, 2026 at 11:14 AM

Foraj Sonde inks large contract with EDF group firm

Romanian drilling company Foraj Sonde Videle has secured a framework contract worth approximately €132 million from Dalkia France, part of the EDF Group, for geothermal drilling services over three years.

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World Class Romania appoints new CEO

World Class Romania, part of Vectr Holdings, has appointed Matei Filipidescu as CEO. He is replacing Kent Orrgren, who concluded his term as CEO after nine years.