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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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RO Govt. promises milder dividend payout ratios at Romgaz and Nuclearelectrica

The government will not ask Romgaz and Nuclearelectrica to distribute as dividends 90% of their profits made in 2020, as it did with Transgaz and Transelectrica, energy minister Virgil Popescu assured in a Bloomberg interview.

"After a discussion with the Prime Minister and the Minister of Finance, we agreed to grant a derogation to these two companies (Romgaz and Nuclearelectrica)," Virgil Popescu said, according to Ziarul Financiar.

Romgaz is in talks with Exxon to buy the US company's stake in an offshore Black Sea gas project, while Romania's only nuclear power plant needs to modernize a reactor and build two new ones.

As for the law that freezes the listings of state-owned companies until August 2022, the minister says the government will abrogate this law by July after a February bill was blocked in parliament.

"There exist political will, and we will keep our promises, but the parliamentary procedure must be observed," said Popescu.

andrei@romania-insider.com

(Photo source: Adrian825/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

RO Govt. promises milder dividend payout ratios at Romgaz and Nuclearelectrica

The government will not ask Romgaz and Nuclearelectrica to distribute as dividends 90% of their profits made in 2020, as it did with Transgaz and Transelectrica, energy minister Virgil Popescu assured in a Bloomberg interview.

"After a discussion with the Prime Minister and the Minister of Finance, we agreed to grant a derogation to these two companies (Romgaz and Nuclearelectrica)," Virgil Popescu said, according to Ziarul Financiar.

Romgaz is in talks with Exxon to buy the US company's stake in an offshore Black Sea gas project, while Romania's only nuclear power plant needs to modernize a reactor and build two new ones.

As for the law that freezes the listings of state-owned companies until August 2022, the minister says the government will abrogate this law by July after a February bill was blocked in parliament.

"There exist political will, and we will keep our promises, but the parliamentary procedure must be observed," said Popescu.

andrei@romania-insider.com

(Photo source: Adrian825/Dreamstime.com)

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