Energy

Bucharest-listed OMV Petrom, the largest integrated energy company in Southeast Europe, signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye. The contract was signed for a period of 18 months, starting October 2023 and allows for the supply of up to 4 million cubic meters per day. “Natural gas is essential for

State-owned Romanian power producer Hidroelectrica’s IPO, which had been under discussion for over a decade, was multiple times oversubscribed and priced slightly above mid-range of the price range. This results in a valuation of above EUR 9.4 billion, making the country’s largest electricity producer’s IPO the largest ever made on the Bucharest Stock Exchange (BVB), the largest in Europe and the third