Romania's usable natural gas production in the first four months of 2025 was over 2.532 million tonnes of oil equivalent (toe), 36,800 toe less than in the same period last year (down 1.4%), according to data centralised by the National Institute of Statistics (INS).On the other hand, in the January-April 2025 period, natural gas imports increased by 72.5% (an additional 358,000 toe) compared to the same period the previous year, reaching 851,700 tonnes of oil equivalent.According to estimates from the National Commission for Strategy and Forecasting (CNSP), natural gas production is expected to grow at an average annual rate of 1.7% until 2027. Thus, in the latest Energy Balance Forecast, for 2025 a natural gas production of 7.79 million toe is estimated (up 1.5%), for 2026 - 7.907 million toe (up 1.5%), and for 2027 - a production of 8.176 million toe (up 3.4%).As for imports, a downward trend is expected, with a more significant decrease by 2027 (down 6%), in line with the increase in domestic production, as new production capacities come online, while also maintaining transit to external markets.CNSP estimates for 2025 imports of 2.211 million toe (down 7.6%), for 2026 - 2.150 million toe (down 2.7%), and for 2027 - 2.022 million toe (down 6%).
The four parties seeking a new ruling coalition in Romania have nominated candidates over the weekend for the ministries they are supposed to oversee, while a final agreement on the coalition's protocol is expected to be sealed on June 23. Some of the candidates proposed by parties have already prompted criticism, while prime minister-designate Ilie […]
The Romanian government has published a draft decision approving a strategic programme for the development and modernisation of Bucharest Băneasa – Aurel Vlaicu International Airport (AIBB-AV) covering the 2025–2035 period, Agerpres reported on June 20. The...
Romanian furniture manufacturer Taparo, a key supplier to IKEA and major European retailers, is nearing bankruptcy after its judicial administrator formally requested the Maramureş Court to initiate bankruptcy proceedings, citing the full cessation of the company’s operations. The request, filed on May 29, was recorded in the Insolvency Proceedings Bulletin,
Romania will maintain its standard VAT rate at 19% but will eliminate most preferential VAT rates beginning in August, retaining reduced rates only for food and medicines, Digi24 reported on June 20, citing sources close to the negotiations between president...
In a recommendation to be published on June 23 and proposed for endorsement in the July 8 meeting of the Economic and Financial Affairs Council (ECOFIN), the European Commission sets an updated fiscal consolidation trajectory for Romania, sets October 15 as a deadline for the annual update under the Excessive Deficit Procedure (EDP), and requires […]
The Economic and Financial Affairs Council (ECOFIN) on June 20 adopted a new decision establishing that Romania has not taken effective action in response to Council recommendations in the context of the Excessive Deficit Procedure. No further action was taken yet, however. Specifically, Romania failed to observe ECOFIN’s January 21 recommendation, which stipulated that the […]
