Romania's primary energy resources decreased by 2.9%, in the first six months of the current year, compared to the same period in 2023, and those of electric energy decreased by 1.5%, according to the data published on Tuesday , by the National Institute of Statistics (INS).In the analysed interval, the main primary energy resources totaled 15.658 million tonnes of oil equivalent (toe), down by 472,200 toe.Also, domestic production amounted to 8.535 million tep, down by 505,800 tep (-5.6%), from one year to another, while import was 7.123 million, up by 33,600 tep (+0, 5%).According to the cited source, in the first semester of 2024, electricity resources totaled 33.221 billion kWh, down by 501.4 million kWh compared to the period from January 1 to June 30, 2023.At the same time, production from thermal power plants was 8.351 billion kWh, down by 30.9 million kWh (-0.4%), and production from hydropower plants was 8.631 billion kWh, 24.1% below the level of the first six months of last year.The production from nuclear power plants amounted to 5.178 billion kWh, down by 166.7 million kWh (-3.1%), compared to the analysis interval.At the same time, the production from wind power plants was 3.414 billion kWh, down by 581 million kWh, and the solar energy produced in photovoltaic installations reached 1.673 billion kWh, up by 643.9 million kWh, compared to last in June of 2023.Overall, in the first half of this year, the final consumption of electricity was 24.765 billion kWh, 0.8% higher compared to the same period in 2023. In the context, the final consumption in the economy increased by 0, 8%, population consumption increased by 0.7% and public lighting decreased by 3.8%.The export of electricity was 5.875 billion kWh, down by 557.3 million kWh, and the own technological consumption in networks and stations was at 2.580 billion kWh, lower by 131 million kWh.
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, […]
