Transelectrica
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Transelectrica
Transelectrica is an electricity transmission system operator in Romania. It is publicly traded company with 58,69% of the shares being held by the Ministry of Economy and Commerce, 13,5% by Fondul Proprietatea, and 27,81% being floated on the Bucharest Stock Exchange or held by other investors. It is listed at the Bucharest Stock Exchange. Transelectrica is organized in eight territorial transmission branches and one more branch acting as a metering operator for the electricity traded on the wholesale market. Transelectrica also has subsidiaries that take care of different administration tasks. Branches * ST Bucharest which includes Buzău, Călărași, Dâmbovița, Giurgiu, Ialomița, Ilfov, Prahova, and Teleorman counties and the city of Bucharest. It operates 1,240 km of power lines. * ST Constanța which includes Constanța, Tulcea, Galați, Brăila counties and partially that of Ialomița and Vrancea counties. It operates 900 km of power lines. * ST Pitești ...
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Bucharest Stock Exchange
The Bucharest Stock Exchange (BVB) (Romanian: ''Bursa de Valori București'') is the stock exchange of Romania located in Bucharest. In 2019, the capitalization of BVB increased 23.4% compared to the previous year, to the value of EUR 37.8 billion. At the end of 2019 there were 83 companies listed on the BVB. The capitalization of the Romanian capital market in relation to GDP was of 17.9% at the end of 2019. That same year, the stock exchange indices reached their highest level in the past 10 years. The BET index went up 35% and the BET-TR rose more rapidly, by 47%, against the dividends distributed by the companies. At 31 December 2019, the most liquid company within the BVB’s main (Regular) market was Banca Transilvania (TLV), which owns approximately 30% of the total traded value. The following most liquid companies were Fondul Proprietatea (FP), BRD - Groupe Société Générale (BRD), Romgaz (SNG) and OMV Petrom (SNP). In September 2020, the Bucharest Stock Exchange was ...
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Fondul Proprietatea
Fondul Proprietatea is a joint-stock company established by the Romanian state, and is intended to become entirely private and independent from the state. Its specificity lies in the fact that its purpose and its operations are governed by special legislation. Shareholders are limited to those dispossessed owners of their property by the Romanian state during the Communist regime. Origin Romania is a country of the former Eastern Soviet bloc where a very large number of properties (factories, enterprises, houses, apartments, buildings, churches and lands) were confiscated during the Communist Romania era. The state would appropriate illegally, using abusive decrees, the most important being decree nr 92 of 1950, or by means of coercion, more than 400,000 buildings out of which more than 150,000 have been destroyed. In 1995, under the presidency of Ion Iliescu, a law allowed tenants to buy from the Romanian State, at very low cost, real estates built before 1945 that did no ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Hunedoara County
Hunedoara County () is a county ('' județ'') of Romania, in Transylvania, with its capital city at Deva. The county is part of the Danube–Criș–Mureș–Tisa Euroregion. Name In Hungarian, it is known as , in German as , and in Slovak as . The county got its name from the city of Hunedoara (), which is the Romanian transliteration of the Hungarian (, archaic: ), old name of the municipality. That most likely originated from the Hungarian verb meaning 'to close' or 'to die', but may also come from wear the name of the Huns, who were headquartered near for a time and were the first to establish solid rule over the land since the Dacians. Demographics In 2011, the county had a population of 396,253 and the population density was 56.1/km2. * Romanians - 93.31% * Hungarians - 4.09% * Romani - 1.9% * Germans (Transylvanian Saxons) - 0.25% Hunedoara's Jiu River Valley is traditionally a coal-mining region, and its high level of industrialisation drew many people from ...
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Caraș-Severin County
Caraș-Severin () is a county ( județ) of Romania on the border with Serbia. The majority of its territory lies within the historical region of Banat, with a few northeastern villages considered part of Transylvania. The county seat is Reșița. The Caraș-Severin county is part of the Danube–Criș–Mureș–Tisa Euroregion. Name In Serbo-Croatian, it is known as ''Karaš Severin''/Караш Северин or ''Karaš-Severinska županija'', in Hungarian as ''Krassó-Szörény megye'', in German as ''Kreis Karasch-Severin'', and in Bulgarian as Караш-Северин (translit. ''Karash-Severin''). Demographics The county is part of the Danube-Kris-Mureș-Tisza euroregion. In 2011, it had a population of 274,277 and a population density of 33.63/km2. The majority of the population (89.23%) are Romanians. There are also Roma (2.74%), Croats (1.88%), Germans – Banat Swabians (1.11%), Serbs (1.82%), Hungarians (1.19%) and Ukrainians (0.94%). Geography With 8 ...
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County
A county is a geographic region of a country used for administrative or other purposesChambers Dictionary, L. Brookes (ed.), 2005, Chambers Harrap Publishers Ltd, Edinburgh in certain modern nations. The term is derived from the Old French denoting a jurisdiction under the sovereignty of a count (earl) or a viscount.The Oxford Dictionary of English Etymology, C. W. Onions (Ed.), 1966, Oxford University Press Literal equivalents in other languages, derived from the equivalent of "count", are now seldom used officially, including , , , , , , , and ''zhupa'' in Slavic languages; terms equivalent to commune/community are now often instead used. When the Normans conquered England, they brought the term with them. The Saxons had already established the districts that became the historic counties of England, calling them shires;Vision of Britai– Type details for ancient county. Retrieved 31 March 2012 many county names derive from the name of the county town (county seat) with t ...
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Timiș County
Timiș () is a county ('' județ'') of western Romania on the border with Hungary and Serbia, in the historical region of Banat, with the county seat at Timișoara. It is the westernmost and the largest county in Romania in terms of land area. The county is also part of the Danube–Criș–Mureș–Tisa Euroregion. Name The name of the county comes from the Timiș River, known in Roman antiquity as ''Tibisis'' or ''Tibiscus''. According to Lajos Kiss' etymological dictionary, the name of the river probably comes from the Dacian language: ''thibh-isjo'' ("marshy"). In Hungarian, Timiș County is known as ''Temes megye'', in German as ''Kreis Temesch'', in Serbian as Тамишки округ/''Tamiški okrug'', in Ukrainian as Тімішський повіт, and in Banat Bulgarian as ''okrug Timiš''. Geography Timiș is the largest county in Romania, occupying 8,696.7 km2, i.e. 3.65% of the country's area. It is crossed by the 46th parallel north, the 21st meridian eas ...
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Mehedinți County
Mehedinți County () is a county ( ro, județ) of Romania on the border with Serbia and Bulgaria. It is mostly located in the historical province of Oltenia, with one municipality (Orșova) and three communes ( Dubova, Eșelnița, and Svinița) located in the Banat. The county seat is Drobeta-Turnu Severin. Name The county's name is or in Hungarian. The Romanian form originates from the first one, and a third originates from the Romanian: . The territory was famous for its apiaries, that's why it was named from the Hungarian word meaning bee. Demographics In 2011, it had a population of 254,570 and the population density was 51.6/km2. * Romanians - 96.1% * Roma - 3% * Others (including Serbs, Hungarians, and Germans) - 0.9% Geography This county has a total area of 4,933 km2. In the North-West there are the Mehedinți Mountains with heights up to 1500 m, part of the Western end of the Southern Carpathians. The heights decrease towards the East, passing ...
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Gorj County
Gorj County () is a county ( județ) of Romania, in Oltenia, with its capital city at Târgu Jiu. ''Gorj'' comes from the Slavic ''Gor(no)-'' Jiu (“upper Jiu”), in contrast with Dolj (“lower Jiu”). Demographics In 2011, the county had a population of 334,238 and its population density was . * Romanians – over 98% * Roma, others – 2% Geography Gorj County has a total area of . The North side of the county consists of various mountains from the Southern Carpathians group. In the West there are the Vâlcan Mountains, and in the East there are the Parâng Mountains and the Negoveanu Mountains. The two groups are split by the Jiu River. To the South, the heights decrease through the hills to a high plain at the Western end of the Wallachian Plain. The main river, which collects all the smaller rivers, is the Jiu River. Neighbours * Vâlcea County to the east. * Mehedinți County and Caraș-Severin County to the west. * Hunedoara County to the north. * Dolj Cou ...
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Dolj County
Dolj County (; originally meant ''Dol(no)- Jiu'', "lower Jiu", as opposed to ''Gorj'' (''upper Jiu'')) is a county ( județ) of Romania on the border with Bulgaria, in Oltenia, with the capital city at Craiova. Demographics In 2011, the county had a population of 660,544 and a population density of . * Romanians – over 96% * Romani – 3% * Other minorities – 1% Geography This county has a total area of . The entire area is a plain with the Danube on the south forming a wide valley crossed by the Jiu River in the middle. Other small rivers flow through the county, each one forming a small valley. There are some lakes across the county and many ponds and channels in the Danube valley. 6% of the county's area is a desert. Neighbours *Olt County to the east. * Mehedinți County to the west. * Gorj County and Vâlcea County to the north. *Bulgaria – Vidin Province to the southwest, Montana and Vratsa provinces to the south. Economy Agriculture is the county ...
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Vâlcea County
Vâlcea County (also spelt ''Vîlcea''; ) is a county ( județ) of Romania. Located in the historical regions of Oltenia and Muntenia (which are separated by the Olt River), it is also part of the wider Wallachia region. Its capital city is Râmnicu Vâlcea. Demographics In 2011, it had a population of 355,320 and the population density was 61.63/km2. * Romanians - over 98% * Roma, others - 2% Geography This county has a total area of . The North side of the county is occupied by the mountains from the Southern Carpathians group - The Făgăraș Mountains in the east with heights over , and the Lotru Mountains in the west with heights over . They are separated by the Olt River valley - the most accessible passage between Transylvania and Muntenia. Along the Olt River Valley there are smaller groups of mountains, the most spectacular being the . Towards the South, the heights decrease, passing through the sub-carpathian hills to a high plain in the West side of the Roma ...
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