Romania has imported, in the first eight months of 2021, 4.837 million tons of oil equivalent (toe) in oil, by 452,000 toe (10.3) more than the quantity imported in the similar period of 2020, according to data centralized by the National Institute for Statistics (INS).The oil production exceeded 2.085 million toe, by 4.7 pct (102,400) lower than in the previous year.According to estimates of the National Strategy and Forecast Commission, oil production is estimated to total this year 3.275 million toe (minus 3.2 pct over 2020) and 3.2 million toe (minus 2.3 pct) in 2022. Imports are estimated at 8.425 (plus 20.7 pct) this year, and 8.815 million toe in 2022 (plus 4.6 pct).The Energy Strategy project, published on the website of the Energy Ministry, estimates that oil production will maintain its slow decline between 2030 and 2050, from 22 to 13 TWh (1.93 to 1.15 million toe). Increasing dependence of imports cannot be avoided in the medium and long-term except by encouraging exploration and production activities, as well as by increasing the efficiency of fossil fuel consumption, the project mentions.
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
