Despite going insolvent in the summer of 2021, the company ended the year with a net profit of RON34 million on an energy supply market marred by huge losses.
Finance ministry data show the company kept its staff numbers at 22 people.
In January 2022, the company had a 3% market share. In January 2021, Getica 95 was leader on the energy supply market with a 12% share. Despite the sharp decline in market share, amid its insolvency, the company’s turnover grew significantly in 2021.
Getica 95 filed for insolvency at the local court in Buzau on June 15, 2021. “It’s not an accumulation of losses on our part but simply an acute lack of liquidity, so we are seeking protection. This is just a stage. We are confident that if Hidroelectrica, the biggest energy producer in Romania, overcame this stage well, so will we, the biggest local supplier,” company owner Viorel Tudose said at that time.