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Romania: Fondul Proprietatea sold a minority stake in Engie

Fondul Proprietatea (FP) completed the transaction by which it sold its 12% stake in Engie Romania to the company's majority shareholder, for 432.6 million...

Hidroelectrica expects to record a net profit in the amount of some 740 million euros in 2023

Romanian electricity producer Hidroelectrica said that it expects to record a net profit in the amount of some 740 million euros in 2023, along with total revenues...

Romania, Hidroelectrica claims that the Court ruling will have no effect on its IPO

Romanian electricity producer Hidroelectrica said that the court ruling invalidating the selection of its management in 2019 has no impact on the company’s initial...

Romania, Hidroelectrica will launch the IPO of its shares at the Bucharest Stock Exchange either in the first half of May or in June

According to the member of the Management Board of Romanian electricity producer Hidroelectrica, Karoly Borbely, the company will launch the initial public offering (IPO)...

Romania, New energy price regulations reduced Hidroelectrica’s valuation by 5.3 %

Private investment fund Fondul Proprietatea (FP) said that it has revised the valuation of its 20 % stake in Romanian electricity producer Hidroelectrica, reducing...

Romania, FP said that it managed to cash its entire 2.85 % stake in OMV Petrom

Private investment fund Fondul Proprietatea (FP) said that it managed to cash its entire 2.85 % stake in Romanian oil and gas company OMV...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...