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%).
Roberta Metsola, president of the European Parliament, has been named the 2025 laureate of the Timișoara Award for European Values, an honor established by the Municipality of Timișoara, western Romania. She will receive the award during a gala ceremony on May 22. The jury, composed of prominent Romanian professionals from various fields, recognized Metsola for […]
Romania’s interim president, Ilie Bolojan, delivered a message on Tuesday, April 22, to mark World Earth Day, emphasizing the importance of environmental care for both current and future generations. He stressed that a clean environment is essential for quality of life, public health, and the sustainable...
The leader of the Romanian reformist party USR, Elena Lasconi, a presidential candidate for the May 4 ballot with ambiguous support from her own colleagues, announced imminent thorough reforming of her party, apparently involving the replacement of the top leadership that withdrew her support recently. However, the odds for her to conduct the reforms are […]
Hungarian company Alpin Szig es Szerkezet Epitoipari, through its wholly-owned Romanian subsidiary Mineral Insulation, announced that a mineral wool factory with an annual capacity of 30,000 tons will be built in Miercurea-Ciuc, central Romania, upon a project involving EUR 20 million investments, announced the mayor of the town, Korodi Attila, and Orban Zoltan, on the side […]
The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed. The issue was heavily oversubscribed, with banks placing orders for 190% of the […]
Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company's founder,
