Given that electricity exports were significantly higher than imports in physical terms, and in value terms in 2023, Romania was in surplus. Not in terms of price per MWh, where the export price was lower than the import price. The value of Romania’s electricity exports in 2023 was 1.23 billion euros, according to the data communicated by the National Institute of Statistics at our request. In 2023, the value of Romania’s electricity imports will reach almost 1.19 billion euros, according to the same source. Both dates are provisional. From electricity trade, Romania’s balance was positive last year, the country having a surplus of 47 million euros against the background of the situation, already known to be a net exporter of electricity in terms of physical volumes. Last year, from a commercial point of view, we exported the most to Bulgaria, 482 million euros, and then to Hungary (406 million) and Serbia (294 million). From the point of view of imports, we paid the most to Serbia (507 million euros) and then to Hungary (334 million euros) and to Bulgaria (309 million). Romania exports electricity during off-peak hours, when it is cheap, and imports during peak consumption hours, when it is expensive. So, for physical exports of 11.63 TWh (INS data differ significantly from those of Transelectrica, which show the physical flows on the interconnection lines) 1.235 billion euros were collected, so, on average, for one MWh exported, Romanian producers they received 106 euros/MWh. Physical imports were, according to the INS, 8.61 TWh, their value being 1.187 billion euros. So, on average, we paid for each imported MWh, almost 138 euros. Therefore, the price for an imported MWh was 30% higher than for an exported MWh, in the year 2023, so even in the situation where we were net exporters of electricity in terms of volumes and, overall, also in terms of from a monetary point of view, the country was in surplus in 2023, the price per MWh is lower for export than for import.
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate. Barbu has also been nominated as a Board Director and will stand for election at the […]
