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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Romanian nuclear power producer Nuclearelectrica ups profit by 9% in Q1

Nuclearelectrica (SNN), Romania’s state-controlled nuclear power producer, recorded a net profit of RON 234 mln (EUR 47.5 mln) in the first quarter of 2021, up 9% compared to the same period of last year.

The company’s revenues from electricity sales went up 9.3% year-on-year, to RON 684 mln (EUR 139 mln). The increase in sales was entirely due to higher prices on the electricity market, given that Nuclearelectrica’s power production was 6.6% lower than in the first three months of 2020.

Nuclearelectrica made more money from electricity sales mainly because it was able to sell more of its output on the free market, after the retail electricity market was liberalized in January 2021. The company's first-quarter report is available here.

Nuclearelectrica’s shares have been among the most profitable investments on the Bucharest Stock Exchange this year, with a year-to-date increase of over 58%, triple that of the BET index (18%).

editor@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

Romanian nuclear power producer Nuclearelectrica ups profit by 9% in Q1

Nuclearelectrica (SNN), Romania’s state-controlled nuclear power producer, recorded a net profit of RON 234 mln (EUR 47.5 mln) in the first quarter of 2021, up 9% compared to the same period of last year.

The company’s revenues from electricity sales went up 9.3% year-on-year, to RON 684 mln (EUR 139 mln). The increase in sales was entirely due to higher prices on the electricity market, given that Nuclearelectrica’s power production was 6.6% lower than in the first three months of 2020.

Nuclearelectrica made more money from electricity sales mainly because it was able to sell more of its output on the free market, after the retail electricity market was liberalized in January 2021. The company's first-quarter report is available here.

Nuclearelectrica’s shares have been among the most profitable investments on the Bucharest Stock Exchange this year, with a year-to-date increase of over 58%, triple that of the BET index (18%).

editor@romania-insider.com

(Photo source: Dreamstime.com)

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