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.
The European Commission has approved a payment of EUR 1.27 billion to Romania as part of the National Recovery and Resilience Plan (PNRR) funding worth some EUR 28 billion in total. The rest of the scheduled payment, totaling EUR 870 million, was suspended. Romania’s European funds minister, Marcel Boloș, announced that three objectives included in […]
The tech startups YellowGrid, WiseWatts and Procesio won CleanTech Corporate Hackathon 2025, the first event dedicated to innovators, startups and scaleups creating AI-based technologies and solutions for sustainable energy in South East Europe. YellowGrid, the team that won first place and the EUR 5,000 prize, is composed of Cătălin Stăncel, Sergiu Mureșan, Andrei Antohie and […]
Romanians' trust in the EU is well above the European average, but they occasionally show different priorities compared to those of most Europeans, according to the most recent Eurobarometer survey. The measurement, conducted in the winter and spring of 2025, shows an overall increase in European citizens’ trust in the EU, especially in the areas […]
Romania has dropped four positions in the global Startup Ecosystem 2025 report by StartupBlink. It is now ranked 48th worldwide, and has lost ground in Eastern Europe, where it dropped from 8th to 9th place, after Ukraine advanced one position and Greece two positions, surpassing Romania globally. However, Romania is now 16th in the global AI top […]
The Nufărul geothermal station in Oradea, developed through a European project worth EUR 25 million, was officially inaugurated on Thursday, May 29. The station is the first of its kind in Romania, and builders had to drill approximately 2,800 meters for water. “All extracted water comes to the geothermal station on Iancu de Hunedoara Street, […]
CTP, a leading developer, owner, and operator of industrial and logistics properties, has extended its collaboration with HelpShip, a major e-fulfillment and logistics provider within the euShipments.com group, increasing HelpShip’s leased space to 20,000 sqm at CTPark Oradea Cargo Terminal. The expanded facility will serve as the company’s main fulfilment center. With HelpShip’s growth from […]
