Electrica Group turned to profit in H1 2023, posting a net result of 106 million RON, compared to a loss of 176 million RON in the year-ago period, as per the company's consolidated results released on last Friday.The group's EBITDA increased by 535 million RON to 636 million RON in the reporting period, mainly due to the operational performance of the distribution segment, to the increase in energy revenues generated by the roughly 20 percent year-over-year rise in distribution tariffs; this effect is somewhat offset by the decline of distributed amounts by 8 percent.The company's operating revenues stood at 6.74 billion RON, up 14 percent from the same period last year.The amount of distributed electricity was 8.28 TWh, down 7.9 percent year-over-year. Electrica's distribution arm Distributie Energie Electrica Romania - DEER serves approximately 3.9 million users in an area accounting for approximately 40 percent of the surface of Romania.The amount of electricity supplied on the retail market was 3.88 TWh, down 6.84 percent compared to H1 2022, against the general downward trend in electricity consumption, the company said in a release. Supplier Electrica Furnizare provides electricity for approximately 3.5 million consumption locations on the competitive market, as well as a universal and last resort supplier. According to the latest report of the National Energy Regulatory Authority from April this year, the company is one of Romania's leading suppliers, with a total market share of 17.79 percent and a 10.43 percent chunk of the competitive market.Electrica Group is a key player on Romania's energy distribution and supply market, as well as one of the most important providers of energy services. Electrica serves approximately 3.9 million users and its energy distribution coverage spans 18 counties in three geographical areas: North Transylvania, South Transylvania, North Muntenia; it also provides energy supply, maintenance and energy services all over the country.Since July 2014, Electrica is a company with mostly private capital, listed on the Bucharest and London stock exchanges.
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
