Romgaz Group recorded a consolidated net profit of RON 1.24 billion in Q1 2024, 28% higher than in the same period last year, according to data sent by the Bucharest Stock Exchange (BVB).According to the source, Romgaz reported a turnover of RON 2.27 billion, down 21.86% compared to the same period in 2023, as a result of a 6.68% decrease in gas volumes delivered, an 18.33% decrease in electricity production and a 9.1% reduction in revenues from warehousing and storage services.However, revenues from the sale of natural gas account for about 85% of the total turnover in Q1 2024, revenues from the sale of electricity - 4.8% and revenues from warehousing and services about 6%.The estimated national natural gas consumption for Q1 2024 was approximately 35.42 TWh, about 5.5% higher than in Q1 last year.According to the report, natural gas production recorded in Q1 2024 was 1.29 cubic metres, 4.39% higher compared to Q1 2023.The amount of electricity produced was 263.832 GWh in Q1, 18.33% lower than the similar period last year (323.04 GWh).According to the source, of the total consumption, about 5.21 TWh was covered by imported gas, and the difference of 35.42 TWh by domestic gas, to which Romgaz contributed with 13.69 TWh, which represents 33.69% of the national consumption and 38.65% of the consumption covered by domestic gas.
Romanian rider Emanuel Gyenes won first place in the “Original by Motul” category in the 2025 Dakar Rally, placing 20th overall in the motorcycle category. The world-famous Dakar Rally covers several thousand kilometers over 10 to 15 days taking place in Saudi Arabia. The category won by the Romanian refers to bikes and quads competitors […]
Doron Steinbrecher, a 31-year-old woman with dual Israeli-Romanian citizenship, was among the three hostages released on Sunday, January 19, as a result of the agreement reached between Israel and Hamas. Aside from Doron, the other two women released on Sunday by the Palestinian terrorist group are Romi Gonen and Emily Damari. Among them, Romi also […]
Garanti BBVA Romania announced the financing of Peștera Wellness & Spa, the first 5-star hotel located in the Peștera-Padina tourist resort in Bucegi Mountains, with a loan of EUR 5 million. The bank supports Grupul Industrial Alca SRL, the company behind this investment. Peștera Wellness & Spa Hotel officially opened its doors to tourists in […]
Bucharest mayor Nicușor Dan has reaffirmed his commitment to running in the upcoming Romanian presidential elections, revealing plans to launch a donation website for his campaign in the near future. Speaking during an interview on Digi24, Dan estimated his campaign budget to be between EUR 2-3 million. The mayor also emphasized that his decision to […]
According to a study conducted by Raiffeisen Bank Romania in collaboration with Appinio, a global market research company, 3 in 10 Romanians feel Blue Monday as one of the most challenging days of the year. The main causes of emotional discomfort are cold weather, excessive holiday spending, and accumulated fatigue. Five out of ten Romanians […]
Former prime minister Victor Ponta, still a member of the Social Democratic Party (PSD) and an adviser to PM Marcel Ciolacu despite his pro-sovereignist statements, confirmed that he does not rule out entering this year's presidential race. He said, "I have no one to vote for," and indicated that the current ruling coalition has no […]
