Romania's energy output fell by an annual 5.6% in the first six months of 2024, to 8.536 million tonnes of oil equivalent (TOE), as the the output of hydropower stations fell by an annual 24.1% to 8.632 TWh, the statistical office said, citing provisional data. Romania's energy resources, including imports, totalled 15.659 million TOE in the six months through June, down 2.9% on the year, the statistical office said in a statement on Tuesday. Imports amounted to 7.123 million TOE, up by an annual 0.5%. Romania's own electricity output and imports totalled 33.222 TWh in the review period, inching down by 1.5% year-on-year. Thermal power plants generated some 8.351 TWh of electricity in the first six months of 2024, with their output edging down by 0.4% on the year. Electricity generation by Cernavoda, Romania’s sole nuclear power plant, ticked down by 3.1% to 5.178 TWh in the January-June period. Wind farms generated some 3.414 TWh of electricity, down by an annual 14.5%, while solar plants generated 1.673 TWh, up 62.6%. Final electricity consumption inched up by an annual 0.8% to 24.765 TWh in the review period. Romania’s electricity exports decreased by an annual 8.7% to 5.876 TWh in the first six months of the year, while imports jumped 65.9% to 5.974 TWh. The country produced 1.353 million TOE of crude oil, down 3.8% on the year, and 929,700 TOE of coal, down 19.8%, in January-June. Natural gas production rose 1.3% year-on-year, reaching 3.803 million TOE. Romania's energy production fell 0,8% to 17.0 million TOE in 2023. TOE is the rounded-off amount of energy that would be produced by burning one metric tonne of crude oil.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
