Final electricity consumption in the first two months of 2024 was 8.616 billion kWh, 1.7% higher than in the same period in 2023, while domestic production totaled 2.971 million toe, down 23,000 toe (-0.8%), according to data published on Monday by the National Institute of Statistics (INS).The final consumption of electricity in the economy increased by 3%, public lighting increased by 12%, and population consumption decreased by 2.6%.Between January 1 and February 29, 2024, primary energy resources increased by 1.5%, and electricity resources remained constant, compared to the same period last year. The main primary energy resources totaled 5.201 million tons of oil equivalent (toe), an increase of 78,400 toe compared to the period January 1 - February 28, 2023.Domestic production totaled 2.971 million toe, down 23,000 toe (-0.8%) compared to the period January 1 - February 28, 2023, and import was 2.230 million toe, up 101,400 toe (+4,8%).In this period, the electricity resources were 11.721 billion kWh, an increase of 3.7 million kWh compared to the period January 1 - February 28, 2023.Production from thermal power plants was 3.700 billion kWh, down by 108.9 million kWh (-2.9%). Production from hydropower plants was 2.959 billion kWh, down by 12.4 million kWh (-0.4%), and that from nuclear power plants was 1.980 billion kWh, up by 16.5 million kWh (+0.8%).The production from wind power plants, in the period January 1 - February 29, 2024, was 1.552 billion kWh, down by 277.4 million kWh compared to the period January 1 - February 28, 2023, and the solar energy produced in photovoltaic installations in this period was 245.6 million kWh, an increase of 78.8 million kWh compared to the period January 1 - February 28, 2023.The export of electricity was 2.050 billion kWh, down by 126.2 million kWh. Own technological consumption in networks and stations was 1.055 billion kWh, down by 18.1 million kWh.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
