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.
Chinese bamboo products manufacturer Long Bamboo Technology Group Co., a supplier to Swedish retailer IKEA, has entered the Romanian market to establish a furniture production facility, Profit.ro reported on May 8. The company, headquartered in Hong Kong and with manufacturing...
The Mangalia shipyard in Romania is resuming operations gradually following its entry into insolvency in 2024 after Dutch shipbuilding group Damen withdrew from the joint venture. The shipyard's management has introduced measures to stabilize finances and revive activity, with employee salaries to be paid in phased installments,
The Belgian manufacturer of metal roofing systems Metigla, with a factory in Ceptura, Prahova County, announced a EUR 15 million investment plan in expanding production, automation, and employees. "In 2025, we will consolidate our presence in key markets and gradually expand this model to more European countries. We invest in sustainable products, automation, teams, and […]
Chinese electric vehicle manufacturer BYD officially launched operations in Romania, introducing its full-electric and plug-in hybrid models to the local market, Economica reported on May 8. The move is part of the company’s broader strategy to expand across Europe. BYD’s initial retail presence includes showrooms in...
The local currency kept losing ground on May 9 despite reported interventions by the central bank. The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day. The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by […]
Ilie Bolojan, the interim president of Romania, has sent his "warmest congratulations" to Pope Leo XIV in a message posted on X. "Warmest congratulations to His Holiness Pope Leo XIV upon the election to the Chair of Saint Peter. May he have a long reign and guide the faithful all over the world with wisdom […]
