Romania

Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission Read More »

Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission

The Oltenia Energy Complex wants a renegotiation of its restructuring plan with the European Commission, the president of the Competition Council, Bogdan Chirițoiu, said. Regarding the Jiu Valley, he said that the European Commission wants the Romanian authorities to respect the decisions they have taken. Too little coal is extracted from Jiu Valley, so little that […]

Romania: Successful go-live for BRM as the second NEMO within the European Single Intraday Coupling m Read More »

Romania: Successful go-live for BRM as the second NEMO within the European Single Intraday Coupling m

The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) cooperating in the BRM Local Implementation Project, which aims at integrating BRM into the European Single Intraday Coupling market (SIDC), confirmed the successful addition of BRM’s trading platform to SIDC. The integration of BRM’s trading platform into SIDC marks another important milestone towards increasing

Romania: E.ON explores options to sell the Romanian energy supply business Read More »

Romania: E.ON explores options to sell the Romanian energy supply business

The German utility group E.ON is “exploring the option” of selling the electricity and natural gas supply operations in Romania because the risk-return ratio is deteriorating due to frequent changes in the energy capping scheme, announced Leonhard Birnbaum, E.ON’s CEO, speaking on the occasion of the Eurelectric Power Summit 2024 in Athens on May 21.

Romania: Fitch assigns Romgaz ‘BBB-‘ Rating Read More »

Romania: Fitch assigns Romgaz ‘BBB-‘ Rating

Fitch Ratings has assigned Romanian Romgaz a first-time ‘BBB-‘ Long-term Issuer Default Rating (IDR) with a Stable Outlook. Romgaz’s ‘BBB-‘ rating benefits from a one-notch uplift from its ‘bb+’ Standalone Credit Profile (SCP) for state support, as per our Government-Related Entities (GRE) Rating Criteria. The SCP reflects Romgaz’s dominant position in Romania’s natural gas market,

SEE region: Eurohold launch 500-million-euro arbitration proceedings against Romania Read More »

SEE region: Eurohold launch 500-million-euro arbitration proceedings against Romania

Eurohold Bulgaria and Euroins Insurance Group AD have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington. The claim is more than 500 million euros. The action comes after the Romanian financial authority ASF wirhdreww the licence of Euroins Romania in March

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