The national transporter for energy Transelectrica reported last year losses of 6 million lei, from a net profit of 145 million lei in 2020.Total net revenue in 2021 with 12% at 1.345 billion lei.The investments made by the company in 2021 were 466 million lei. ‘The total operational income made between January and December 2021 had a growth of 58% as compared to the same period of the previous year (3.746 billion lei in 2021 against 2.367 billion lei in 2020), determined mainly by the growth of the quantity of electricity delivered to the users, the increase of the average transport tariff and the growth of the income made on the balancing market” the data of the company say. On 31st December 2021, the company records debts to get worth 208 million lei, represented by the bills issued according to the aid scheme bonus-type for the promotion of high efficiency co-generation. The domestic net consumption of the country increased by 5% up to 58.3 TWh and the domestic net production with 6% at 56,1 TWh. The net import was 2.2 TWh, dropping by 21%.
The Ministry of Foreign Affairs (MAE) announced the resumption of consular activities in Odesa through an itinerant format, as part of efforts to reopen the Romanian Consulate General and provide consular assistance and protection to Romanian citizens in the region. Thus, between October 16 and 28, an interim chargé d’affaires is conducting the first itinerant […]
ONV LAW launches Digital Assets & Web3 (Code/Lex), a new practice area dedicated to technology companies and investors operating in cryptoassets, blockchain, and AI. The ONV LAW team provides integrated legal support to technology companies, blockchain startups, Fintechs, AI solution providers, as well as investors seeking expansion in Eastern Europe. The team is led by […]
Over 10,000 Romanian children were born in Italy in 2024, contributing the most to the birth rate in the peninsula, relative to the number of people, Digi24 reported. The 2024 birth rate is Italy’s lowest in the past century. A historic low of fewer than 370,000 children were born last year on Italian territory. ...
The Ministry of Development announced that it will finance the reconstruction of the apartment building on Calea Rahovei in Bucharest, which was destroyed by the explosion on October 17 that killed three people and injured 15 others. In this sense, the ministry has published for public consultation a draft emergency ordinance that expands the scope […]
DocProcess, the technology company founded by Romanian entrepreneurs Daniela and Liviu Apolozan and recently integrated into the French group AGENA3000, announced the appointment of Jacky Huet as general manager of DocProcess Romania. With more than 30 years of experience in the software industry across EMEA and America, he brings extensive expertise in domains such as […]
Promenada Mall, owned by NEPI Rockcastle, has completed the first phase of its food court modernization. With this, the mall located in Bucharest’s District 1 adds eight new tenants. In addition, three restaurants will reopen in modernized spaces starting this October. The transformation of the 1,000-sqm food court includes new furniture and a complete redesign. […]
