Tag: energy (138 articles)

Energy   |   27 March, 2026 at 5:37 PM

Electrica CEO mandate extended

Electrica's Board of Directors has approved new four-year mandates for its top executive leadership following a meeting on 27 March.

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.

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IFC to acquire 10% stake in Romanian pension firm Carpathia
Finance

IFC to acquire 10% stake in Romanian pension firm Carpathia

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.

Industry

Polpharma to launch takeover bid for Biofarm

Polish pharmaceutical company Zakłady Farmaceutyczne Polpharma has agreed to launch a voluntary public takeover offer (VTO) for all shares of Romanian drugmaker Biofarm, according to a regulatory filing.