Nuclear power company SN Nuclearelectrica posted a Q1 net profit of RON 513.66 million, down 8.8% year-over year, shows the company's quarterly report for the period January 1 - March 31, 2025 submitted to the Bucharest Stock Exchange on Thursday.At group level, Nuclearelectrica reported a net profit of RON 522.67 million, also down 11.2%.The gross electricity production of the two operational units of the Cernavoda NPP in Q1 was 2.95 million MWh, and of this amount, the Units' own technological consumption during operation was 232,000 MWh.The electricity produced and delivered into the National Energy System was 2.72 million MWh, compared to 2.77 million MWh in the same period last year, down 1.7%.The revenues generated on the electricity market from electricity deliveries in Q1 2025 stood at RON 1.44 billion, 2% higher than the budgeted amount and, respectively 23.3% higher than the figure reported in Q1 2024.The total value of the SNN investment program for 2025 is RON 3.43 billion, with approximately 91% representing ongoing investments, while new investments, upgrade and refurbishment projects account for a combined of approximately 9% of the total.SNN's investment program for this year includes the necessary projects at the Cernavoda nuclear power plant, the Pitesti Nuclear Fuel Plant and the Head Office, as well as objectives to be completed in the coming years, including the allocation of loans and capital contributions for the subsidiaries EnergoNuclear, RoPower Nuclear and the Feldioara Uranium Concentrate Processing Plant.Nuclearelectrica is a national electricity, heat and nuclear fuel corporation in Romania operating under the authority of the Ministry of Energy, with the Romanian government holding 82.49% of the shares, and the other shareholders 17.50%, after the company's listing on the stock exchange in 2013.The Cernavoda National Power Plant branch operates two CANDU nuclear units, counting among the most efficient units of the more than 400 nuclear power plants in the world.
Maia Sandu, the president of the Republic of Moldova, has been awarded the Franz Josef Strauss Prize by the Hanns Seidel Foundation in recognition of her commitment to democratic values, the rule of law, and her support for Ukraine. The award ceremony took place in the Kaisersaal of the Munich Residenz and was attended by […]
Romania’s new ruling coalition, composed of the National Liberal Party (PNL), Social Democratic Party (PSD), Save Romania Union (USR), the Democratic Alliance of Hungarians in Romania (UDMR), and representatives of national minorities, signed a political agreement on Monday, June 23, outlining the structure of the incoming government, the rotation of the prime minister’s office, and […]
InterContinental Athénée Palace Bucharest is pleased to announce that Chef Michael Passarelli has joined the team as Chef de Cuisine at JORJ, the hotel's iconic dining venue, recently reopened following a comprehensive renovation totalling EUR 3.2 million. With a career spanning over 20 years in top restaurants across Romania, Italy, Belgium, the Netherlands, and Switzerland, […]
A powerful story of survival and displacement took center stage at the 23rd edition of the Transilvania International Film Festival (TIFF) in Romania, as To a Land Unknown (UK) claimed the coveted Transilvania Trophy. The EUR 10,000 award was presented during the festival’s Closing Gala at the National Theatre in Cluj-Napoca on Saturday evening, June […]
Romanian star tennis player and former women’s world no. 1 Simona Halep announced that she will play at the Concord Iaşi Open tournament on July 9 during an exhibition match. The former WTA leader will step onto the court alongside Andrei Pavel, as well as other well-known names that have not yet been revealed during […]
Claudiu Târziu, a former leader and co-founder of the far-right party Alliance for the Union of Romanians, or AUR, launched a new conservative party on Saturday, June 21, in opposition to the announced centrist government. Named The Conservative Action party, the new formation “will harshly sanction every deviation of this treacherous coalition,” the leadership said […]
