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.
A snapshot of the CX market: aligning customer expectations with company strategies. Global and local CX leaders, strategy, HR and marketing specialists, as well as representatives of some of the most customer-centric companies in the region, gathered on October 14–15 at CX Conference 2025, an event organized by Customer Experience Romania, under the coordination of […]
Noam Mobili Design closed the first ten months of 2025 with a turnover of €1.91 million, approaching the total reported for 2024 of €2.1 million. The company expects to end the year at a similar level, with a slight increase, despite an economic context marked by cautious spending and delayed investment decisions. “In a year […]
Romania’s solar sector is entering a decisive phase, balancing immense potential with persistent grid and permitting challenges. In this exclusive Romania Insider interview, Alina Ștefan, Chief Commercial Officer at Enexus, and Mirel Jarnea, Country Manager of LONGi România, discuss how their partnership is redefining solar investment and execution in one of Europe’s fastest-growing renewable markets. […]
The fourth edition of the Climate Change Summit brought together over 1,300 leaders and innovators and generated over 1 million online views, confirming Romania's role in the international dialogue on economy, climate and innovation, with messages of support sent by President Nicușor Dan, Prime Minister Ilie Bolojan and European Commission President Ursula von der Leyen. […]
IKEA, the world’s largest furniture retailer, announced the opening of the first Planning and Order Studio in Cluj County on Thursday, October 23. Located inside the Kaufland Cluj-Gheorgheni shopping gallery in Cluj-Napoca, the location spans over 200 sqm and includes a planning area and a space displaying more than 1,100 IKEA items. The new studio […]
Romanian president Nicușor Dan said that EU countries must equip themselves to deter Russia “from thinking about an attack on Europe,” according to Agerpres. The danger is not new, Dan argued. The EU has been facing a hybrid war for at least a decade. The Romanian president made the statement...
