State-owned Hidroelectrica (H2O.RO), Romania's largest energy producer, posted lower first half results compared with the same period last year, due to poor hydrological conditions, which led to a sharp decline in electricity production, and, in the context of lower prices, to lower than expected results.
Home appliances manufacturer AETA Curtea de Arges (ELGS.RO), formerly Electroarges, on Wednesday notified the capital market that in August it will begin stock production for three ranges of its own products, including P Box, a storage box range developed in Romania via an over EUR1.5 million in research, molds and additional equipment, the company said in its report to the Bucharest Stock Exchange.
DRI, a subsidiary of the DTEK group, backed by billionaire Rinat Akhmetov, has signed a non-recourse loan agreement of up to EUR60 million with UniCredit and Garanti BBVA to finance the construction and operation of the Vacaresti photovoltaic park in Dambovita County.