Energy | 9 March, 2026 at 8:50 AM
Simtel Team appoints new CEO
Romanian energy company Simtel Team has appointed Petre Stoian as CEO to consolidate its management structure as the group expands its operations.
Romanian energy company Simtel Team has appointed Petre Stoian as CEO to consolidate its management structure as the group expands its operations.
Romanian engineering group Simtel Team has reported a 68% year-on-year surge in preliminary consolidated operating revenue for 2025, reaching RON 605.7 million (€121.7 million).
Romanian engineering group Simtel Team has commissioned its photovoltaic park in Giurgiu, Romania's largest solar park built on degraded land. The facility has an installed capacity of 52 MWp and an estimated annual production of approximately 73 GWh.
The Simtel Group recorded consolidated operating revenues of RON 326.7 million (€65.6 million) in the first nine months of 2025, marking a 88% increase year-on-year.
Simtel Team has announced the opening of a new subsidiary, Simtel Nordics, in Stockholm, Sweden, as part of its ongoing international expansion.
Romanian engineering and green energy group Simtel Team has announced the signing of a significant contract valued at €43 million (excluding VAT) with Hepa Energy, owned by a lead company from Israel.
Romanian engineering group Simtel Team has announced the appointment of Mihai Velicu as its new Group CFO.
Romanian engineering group Simtel Team has announced the signing of a major contract with Verbund Wind Power Romania, a subsidiary of the Verbund Group.
Romanian public engineering company Simtel Team has announced the signing of a significant EPC contract with a subsidiary of MOGAN Bucharest.
Romanian engineering firm Simtel Team has announced the signing of a significant power purchase agreement (PPA).
The project aimed to support the Piticii Veseli Association in reducing the operational costs of the location in Prundeni by implementing sustainable solutions in the long term
Simtel Team posted, at consolidated level, operating revenues of RON 45.9 million in the first quarter of 2024, down 30% compared to the same period last year.
Simtel Team targets in 2024 at the consolidated level, operating revenues of RON 394 million, EBITDA of RON 49 million and a net profit of RON 35 million.
Simtel Team announces the complete takeover of Oasis Green Energy 3, a project company developing a photovoltaic park in Salonta, Bihor County.
Romania has achieved a significant victory at the International Centre for Settlement of Investment Disputes (ICSID) in Washington regarding the Bucharest-based Casa Radio project.
Romania's Ministry of Finance is conducting its fourth public offering of Fidelis government bonds this year, running from April 14 to 21 on the BVB. .
Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.
Romania is launching its most ambitious industrial policy package in recent years, featuring nine state aid schemes with an estimated budget of €5 billion by 2032,
Romania's annual inflation rate climbed to 9.87% in March from 9.31% in February, driven by an 11.05% increase in services, 10.89% rise in non-food goods, and 7.67% growth in food prices, according to data published by the National Statistics Institute (INS).