Here you can find the announcements of Romgaz and DIGI Communications regarding the Covid-19 impact on the company’s operations.
ROMGAZ
At the moment, Romgaz operates normally and has not evidenced the impact of a pandemic on its business performance. The Company is taking all measures required to secure employees’ safety and business continuity following the guidelines given by authorities. The staff can work in shifts or at home to mitigate the risk of a virus outbreak.
However, due to a possible contraction in economic activity caused by Covid-19, Romgaz could be expecting lower consumption of natural gas in the short term, so the Company is considering injecting the gas in storages and postponing deliveries towards winter.
From the production viewpoint, the Company intends to operate normally. In the case of the spread of disease among employees in one of Romgaz’s production areas, the Company already has alternatives to transfer production to closer areas.
Investments might be affected by delays since suppliers are directly affected by the degree of emergency in their business environment. Closure of the border makes transportation of raw materials and equipment increasingly difficult. In addition, the lower operating activity of corporations, lack of contractors’ employees due to isolation or quarantine, logistic constraints generated by the state of emergency may slow down the Company’s operations.
Romgaz is performing all activities to succeed in overcoming this crisis and restricting the adverse effects on the Company’s business on the entire economy.
DIGI COMMUNICATIONS
Taking into account the current unpredictable environment, the Company continues to take steps to provide the highest level of service and business continuity. The company notes that all customer channels remain open at this time (shops, cashier offices, call centers etc.), while implementing specific measures for safeguarding the health of customers and employees. The only exceptions are Italian and Spanish market where the company has direct commercial presence (which are closed in accordance with the relevant public authorities requirements).
The company further states that they have developed and upgraded their business continuity plans to respond promptly and efficiently to any disruptive incidents during the COVID-19 outbreak, while safeguarding the health of their employees and minimizing the impact on the delivery of services.
