The production of hydro, wind and photovoltaic energy this year is estimated at 2.295 million tons oil equivalent (tep), up by 3.6% as compared to 2021, according to the estimation of the National Commission for Strategy and Prognosis. In 2023, the production of energy from these sources would increase by 3.9% at 2.385 million tep, in 2024 by 4.1% at 2.485 million tep and in 2025 by 4.4% at 2.590 million tep.As regards the production of nuclear – electrical energy, this is estimated in 2022 at 2.870 million tep, up by 1% as compared to 2020, to be constant for the following three years.CNSP estimates that Romania will import in 2022 a quantity of electrical energy of 400,000 tep, dropping by 43% against the previous year. In 2023, import of electricity will be 500,000 tep (plus 25.1% against 2022), in 2024 of 600,000 tep (plus 20.1%) and in 2025, 700,000 tep (plus 16.7%).
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
Romania’s leading bank, Banca Transilvania, announced the successful completion of its first AT1 (Additional Tier 1) bond issuance on the Dublin Stock Exchange. The final volume of subscribed orders reached over EUR 2.65 billion, representing an oversubscription 5.3 times higher than the amount BT intended to raise. More than 180 investors, a record in Banca […]
During the Executive Committee meeting on Thursday, November 20, the Romanian Gymnastics Federation decided to dissolve the national teams after a series of public accusations of harassment. The accusations are not new. At the end of October, upon returning to the country after the World Gymnastics Championships in Jakarta, 23-year-old athlete Denisa Golgotă revealed that […]
Chinese electronic giant Xiaomi has opened its first physical store in Romania as part of a broader strategy to strengthen its presence on the local market, with additional retail expansion planned for 2026. The new Xiaomi Store, located in Bucharest’s ParkLake Shopping Center, is the company’s first directly operated retail space in the country and […]
Romania will introduce new penalties for retailers that refuse to replace defective products, under a new law recently promulgated by president Nicușor Dan. The measure requires traders to provide a replacement within 30 days when customers report that a purchased item is faulty, whether the purchase was made in-store or online. The retailers that fail […]
Romanian saber fencer Vlad Covaliu was named the best in the world in the junior category for the second consecutive year, according to a press release from Bucharest-based CS Dinamo. The winners of the 2024–2025 World Cup were awarded over the weekend at the International Fencing Federation 2025 Congress held in Manama, the capital of […]
