Grivco

Last updated
Grivco
Company typePrivate
Industry holding
Founded1991
Headquarters Bucharest, Romania
Key people
Dan Voiculescu (CEO)
RevenueIncrease2.svg $400 million USD
Number of employees
2,800
Website http://www.grivco.ro/

Grivco is one of the largest Romanian holding companies located in Bucharest. The holding is formed by more than 20 companies including fields of activity like trade, media, energy, industry and services. [1] The holding also holds a controlling stake in one of the largest media trusts in Romania, the Intact company.

The GRIVCO Group is also present on international markets, with offices in Cairo, Istanbul, Moscow, Belgrade, Beijing, Beirut. [2]

The most well-known company of the group of companies is the Intact Media Group, which includes the television stations Antena 1 (generalist), Antena 3 (news) and Happy Channel (lifestyle), the newspapers Jurnalul Național, Gazeta Sporturilor, and Financial Week, the stations Romantic FM and News FM radio. The GRIVCO Group also owns the energy company Grivco Energy, involved in the energy scandal provided by the Rovinari and Turceni complexes in 2006. The onerous contracts concluded between November and December 2005 caused the two energy complexes a damage of RON 15.7 million. These preferential contracts benefited seven companies that managed the performance of buying in-band energy (ie 24 hours a day) at prices that were below the production costs of the two thermal power plants. [3]

Areas of activity of the Grivco holding company:

Related Research Articles

The economy of Romania is a high-income mixed economy, with a high degree of complexity. It ranks 12th in the European Union by total nominal GDP and 7th largest when adjusted by purchasing power (PPP). The World Bank notes that Romania's efforts are focused on accelerating structural reforms and strengthening institutions in order to further converge with the European Union. The country's economic growth has been one of the highest in the EU since 2010, with 2022 seeing a better-than-expected 4.8% increase.

The mass media in Romania refers to mass media outlets based in Romania. Television, magazines, and newspapers are all operated by both state-owned and for-profit corporations which depend on advertising, subscription, and other sales-related revenues. The Constitution of Romania guarantees freedom of speech. As a country in transition, the Romanian media system is under transformation.

<span class="mw-page-title-main">Pro TV</span> Television channel

PRO TV is a Romanian free-to-air television network, launched on 1 December 1995 as the fourth private TV channel in the country. It is owned by CME, which is owned by PPF Group.

<span class="mw-page-title-main">Antena 1 (Romania)</span> Television network in Romania

Antena 1 is a Romanian free-to-air television network owned by the Antena TV Group, part of the Intact Media Group. Its programming consists of television news programs, soap opera shows, football matches, entertainment programmes, movies and television series.

<span class="mw-page-title-main">SK Group</span> South Korean conglomerate

SK Group is a South Korean multinational manufacturing and services conglomerate headquartered in Seoul. A chaebol, SK Group is second largest such conglomerate by revenue in South Korea, after Samsung Group. Through a number of subsidiaries, it is engaged in various businesses, including manufacture of chemicals and petrochemicals, semiconductors, flash memory and miscellaneous information technology, as well providing telecommunications services worldwide among its other less notable ventures.

<span class="mw-page-title-main">Dan Voiculescu</span> Romanian politician and businessman

Dan Voiculescu, also known as "Varanul" or "Felix Voiculescu", is a Romanian politician and businessman. He is the founder and former president of the Romanian Humanist Party (PUR), later renamed the Conservative Party (PC). He was a senator from 2004 until his resignation in 2012.

<span class="mw-page-title-main">Adriean Videanu</span> Romanian politician and businessman

Adriean Marian Videanu is a businessman and former mayor of Bucharest, Romania. He is also a vice president of the Democratic Liberal Party of Romania, which was led by Emil Boc and the Minister of Economy in the Boc Cabinet, since 22 December 2008.

Rompetrol is a crude oil development, producer, and refiner based in Romania. It also markets and distributes refined petroleum products through its chain of gasoline and diesel fuel stations. Established as a state-owned company in 1974, it was privatized in 1993 and became a subsidiary of KMG International in 2007. It has operations in 12 countries, where it is known as The Rompetrol Group N.V.

<span class="mw-page-title-main">Antena 3 CNN</span> Romanian television news channel

Antena 3 Cable News Network, known as Antena 3 CNN, formerly Antena 3, is a Romanian news channel owned by Antena 3 S.A. and part of the Intact Media Group. An Exclusive News Partner of CNN International in Romania since September 27, 2022, it focuses on news programmes and current events, mainly with political and economic topics. It was launched on June 27, 2005 as the third Romanian 24-hour news channel, after Realitatea TV being the first television channel launched in 2001 and N24 being the second television channel launched in 2004, which was later transformed into a generalist television channel in 2010.

<span class="mw-page-title-main">Șerban Huidu</span> Romanian radio and TV star (born 1976)

Șerban Sebastian Huidu is a Romanian radio and TV star. He hosted, together with Mihai Găinușă, the morning show on Romanian radio station Kiss FM, and a weekly satire show on the Romanian channel Prima TV.

OMV Petrom S.A. is a Romanian integrated oil company, controlled by Austria's OMV. It is one of the largest corporations in Romania and the largest oil and gas producer in Southeast Europe. Since 2004 it is a subsidiary of OMV. With 2022 profits of EUR 12.5 billion, as of 2023, OMV Petrom is the largest company in Romania.

Sokratis Kokkalis is a Greek businessman. His father, Petros Kokkalis, was a communist politician and Greek Resistance member, living in exile in East Germany after the end of the Greek Civil War.

<span class="mw-page-title-main">Liga I</span> Association football league in Romania

The Liga I, also spelled as Liga 1, is a Romanian professional league for men's association football clubs. Currently sponsored by betting company Superbet, it is officially known as the SuperLiga. It is the country's top football competition, being contested by 16 clubs which take part in a promotion and relegation system with the Liga II. The teams play 30 matches each in the regular season, before entering the championship play-offs or the relegation play-outs according to their position in the regular table.

<span class="mw-page-title-main">Intact Media Group</span> Romanian media group

INTACT is the first Romanian media group based entirely on a private local business. A considerable number of the most important propaganda brands in the audio-visual and print industry have been launched under this umbrella since its first product, Intact Printing House, was established in 1991.

<span class="mw-page-title-main">Romanian Radio Broadcasting Company</span> Public radio broadcaster in Romania

The Romanian Radio Broadcasting Company, informally referred to as Radio Romania, is the public radio broadcaster in Romania. It operates FM and AM, and internet national and local radio channels. The local stations are branded under the Radio România Regional umbrella.

Digi Communications N.V., also known as DIGI Group, is a leading telecommunications holding company with roots in Romania and businesses also in Spain, Italy and now Portugal and Belgium. The firm has current statutory seat in the Netherlands and headquarters of effective management in Romania. Digi was founded by Zoltán Teszári, who is the majority shareholder, and has been listed on the Bucharest Stock Exchange since May 16, 2017.

<span class="mw-page-title-main">Antena Stars</span> Romanian television channel

Antena Stars is a Romanian television channel. It started broadcasting on 9 April 2007 and it is a part of the Intact group, owned by the family of the Romanian businessman and politician Dan Voiculescu.

<span class="mw-page-title-main">Romgaz</span>

Societatea Națională de Gaze Naturale Romgaz SA Mediaș or simply Romgaz is the largest natural gas producer in Romania and one of the largest producers in Eastern Europe. The company is the country's main supplier and responsible for producing around 40% of the total natural gas consumption in Romania.

Television in Romania started in August 1955. State television started to broadcast on 31 December 1956. The second television channel followed in 1968, but between 1985 and 1990, there was only one Romanian channel before the return of the second channel. Private broadcasters arrived in December 1991, with SOTI which was the first private nationwide television station in Central and Eastern Europe. Romania has the highest penetration rates for pay television in the world, with over 98% of all households watching television through cable or satellite.

Ioan-Codruţ Şereş is a Romanian engineer and politician. A member of the Conservative Party (PC), he was a member of the Romanian Senate for Maramureș County from 2004 to 2008. In the Călin Popescu-Tăriceanu cabinet, he was Minister of Economy and Commerce from 2004 to 2006.

References

  1. "The Group in Brief". grivco.ro. Retrieved 2009-09-07.
  2. "Dan VOICULESCU", archive.is, 18 May 2000, archived from the original on 18 May 2000, retrieved 8 April 2022
  3. "Presa despre mafia energiei din Romania", HotNews.ro, 15 June 2006, retrieved 2006-06-15