Romania's only nuclear energy producer, the National Company Nuclearelectrica SA (SNN), is the first Romanian company to join the World Economic Forum, SNN announced today in a statement to the Bucharest Stock Exchange.SNN will be a WEF member in two strategic areas, specifically the Platform for Shaping the Future of Energy, Materials and Infrastructure, and the Partnering Against Corruption Initiative, which support the company's strategic vision of building a sustainable future for tomorrow's generation, providing clean energy at the highest standards of excellence."We greatly appreciate the partnership with the World Economic Forum and look forward to a beneficial and fruitful cooperation. SNN aims to develop its integrated core expertise, to become an active part in capturing and generating development initiatives with a significant economic, social and organisational impact, in order to assess new opportunities for cooperation, expansion and development. Having in view our major investment projects, we are also looking for resilience and stronger economic and financial know-how. As both the World Economic Forum and SNN are interested in promoting carbon emission reduction programs, we are committed to capitalizing on the innovation trend and clean energy solutions," said Nuclearelectrica CEO Cosmin Ghita.25 years after the commissioning of Romania's first nuclear reactor, Nuclearelectrica covers approximately 20 percent of the domestic consumption demand and 33 percent of the country's clean energy output. Nuclearelectrica supplied over 200 million MWh into the national grid at a capacity factor of over 90%, preventing the release into the atmosphere of over 170 million tons of CO2, the cited release states.SN Nuclearelectrica SA is under the coordination of the Energy Ministry. As of 2013, the company is listed on the Bucharest Stock Exchange, having the Romanian state as main shareholder with 82.49 percent of the stake, while other shareholders control 17.50 percent thereof. SNN has two branches: the Cernavoda nuclear power plant, which operates Units 1 and 2, and the Pitesti Nuclear Fuel Plant.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
