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%.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
