The national transporter for energy Transelectrica reported last year losses of 6 million lei, from a net profit of 145 million lei in 2020.Total net revenue in 2021 with 12% at 1.345 billion lei.The investments made by the company in 2021 were 466 million lei. ‘The total operational income made between January and December 2021 had a growth of 58% as compared to the same period of the previous year (3.746 billion lei in 2021 against 2.367 billion lei in 2020), determined mainly by the growth of the quantity of electricity delivered to the users, the increase of the average transport tariff and the growth of the income made on the balancing market” the data of the company say. On 31st December 2021, the company records debts to get worth 208 million lei, represented by the bills issued according to the aid scheme bonus-type for the promotion of high efficiency co-generation. The domestic net consumption of the country increased by 5% up to 58.3 TWh and the domestic net production with 6% at 56,1 TWh. The net import was 2.2 TWh, dropping by 21%.
The second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
