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Greenpeace warns about illegal state aid to EC Oltenia – Romania, 12 April 2021

Greenpeace Romania announced that the Government has extended a 240 million euros loan to troubled coal-based electricity producer Energy Complex (EC) Oltenia before receiving the final opinion from the European Commission on its plans to support the company. The organization reminded that the En Full article available for subscribers of Energy NEWS service (PDF publications, […]

Hidroelectrica to distribute all of its 2020 profit as dividends – Romania, 13 April 2021

The largest Romanian electricity producer Hidroelectrica will propose to its shareholders a distribution of the entire profit from 2020 (minus the legal reserve) as dividends. Thus, the total dividend payout for 2020 will amount to around 260 million euros, out of a 295 million euros net profit r Full article available for subscribers of Energy […]

UAE’s Mubadala interested in OMV Petrom’s purchase – Romania, 13 April 2021

According to Austrian media, CEO of Austrian OMV Group Rainer Seele discussed the sale of its Romanian subsidiary OMV Petrom with the representatives of Mubadala investment fund from United Arab Emirates, which is OMV’s second largest shareholder. Seele reportedly discussed with the UAE fund othe Full article available for subscribers of Energy NEWS service (PDF […]