Fitch Ratings has affirmed the IDR (Long-Term Issuer Default Rating) at 'BBB-', with a negative outlook, granted to Nuclearelectrica, the company announced in a release issued to the Bucharest Stock Exchange on Thursday."The affirmation reflects the company's unchanged standalone credit profile (SCP) of 'bb+', and the one-level increase in the SCP to reflect strong expectations regarding support from the Romanian state (BBB-/Negative). The negative outlook reflects the sovereign rating," the release said.According to the company, the SCP reflects Nuclearelectrica's profitable asset base and solid market position, as well as its large investment plan, especially for the Unit 1 Refurbishment.Nuclearlectrica's rating factors remain similar to those for the BBB- rating, namely the strong market position as the sole nuclear power producer, covering approximately 20% of Romania's consumption needs and a strong operational track record; the extensive capex plan, investment projects; involvement in medium-term investment projects with reference to the Units 3 and 4 Project, the Unit 1 Refurbishment Project and the SMR Project; state support as a mitigating factor.The Cernavoda Nuclear Power Plant (CNE) operates two CANDU nuclear units, among the most efficient units of the over 400 nuclear power plants in the world, a nuclear fuel plant and is in the process of implementing an integrated fuel cycle by acquiring a uranium concentrate processing line, to support the company's long-term investment projects.Nuclearelectrica's fields of activity are the production of electricity, heat and nuclear fuel. The company operates under the authority of the Ministry of Energy, with the Romanian state holding 82.49% of the shares and other shareholders holding 17.50%, following the company's listing on the stock exchange in 2013.
World-renowned ballerina Maria Kochetkova will perform in Romania for the first time on March 5, 2026, as part of the Bucharest International Ballet Gala, an anniversary edition dedicated to sculptor Constantin Brâncuși. The event will be held at Sala Palatului and marks 150 years since the birth of Brâncuși, one of the most influential figures […]
Mihai Eminescu, Romania’s celebrated national poet, described actual places in many of his poems, and some can still be visited today. Verses written in iconic poems like Călin (file de poveste) describe places in Vânători Neamț Natural Park, part of the ecotourism destination Ținutul Zimbrului, according to a press release. Visitors can actually step through […]
American and Romanian experts in managerial excellence, competitiveness, and leadership announced the launch of the Romanian Performance Excellence Program 2026 on January 15. Inspired by the US Baldrige Program, the new initiative is aimed at professionalizing management and increasing the competitiveness of public and private organizations. The program is organized by the National Foundation of Young […]
The Yellow Tie/Cravata Galbenă, a biographical film inspired by the life of Romanian conductor Sergiu Celibidache, has been selected for the programme of the 41st edition of the Santa Barbara International Film Festival, one of the most prestigious film events in the United States. Directed by Serge Ioan Celebidachi, the film will have its US […]
Real estate developer Park Properties, led by Alexandru Mănăilă, has partnered with businessman George Peltecu to develop SunLake Snagov Signature Collection, a high-end residential project featuring lakeside villas and a private marina. The construction is set to begin this spring, the company said. The complex will be built on a 15,000 sqm plot of land, […]
Romanian president Nicușor Dan marked National Culture Day in a message on Thursday, January 15, announcing that the theater hall at the presidential Cotroceni Palace will be made available periodically, free of charge, for performances by independent troupes of young actors and by high school theater groups. In the accompanying message, the president emphasized the […]
