The operator Distributie Oltenia announced on Monday that they started the project Advanced Distribution Management System, for the development of a smart network of distribution, for the benefit of the ove 1.4 million electricity users and the value of the project is 76 million lei, out of European Funds. ‘The strategic project is an advanced system of distribution management, a software platform which ensures the control and management of the distribution process as wel as its optimisation’ the company says. An ADMS system (Advanced Distribution Management System)is made up, in short, of four main elements: the SCADA which implies data acquisition in real time for the control of the distribution network. This is translated into the rapidity of the operator to react to unforeseen events. The DMS part, for the analysis and optimization of the network. This means the operator will be able to offer energy at the quality and quantity required, by observing the parameters in real time. The OMS for the management of breaks in the energy supply. The ADMS will reduce significantly the time for intervention for fixing the problems in supply with electricity. The reporting part, for analysis and data measurement connected to the functioning of the network. The new system offers advanced control means, allowing the rapid diagnosis and solutioning of the events which could influence the quality of energy distribution. The system involves, at the same time, a set of functions for the optimisation of the distribution network performance and it will function as a modern tool in the monitorisation and efficient control of the electricity distribution system, by improving the safety, the fiability, the quality of the services, response to emergency situations, accuracy of the network analysis, engine speed calculations and technological consumption.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
