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.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
