Romania's net coal production totaled, in the first 11 months of 2023, more than 2.313 million tons of oil equivalent, being 18.2% lower (minus 514,500 toe) compared to the same period in 2022, according to the centralized data of National Institute of Statistics (INS).In the mentioned period, Romania imported 185,600 toe of net coal, with 186,600 toe less (minus 50.1%) compared to the amount imported the previous year in the same period.According to the National Commission for Strategy and Prognosis, Romania's coal production would decrease this year by 12.5%, up to 2.705 million toe, while imports will decrease by 40.3%, to 210,000 toe.In the latest forecast of the energy balance, CNSP indicates that, until 2026, the dynamics of coal production, as well as their import, are expected to decrease, as other energy production capacities will be put into operation.Thus, in 2024, production will decrease by 6.7% (to 2.525 million toe) and imports by 6.7% (to 195,000 toe), in 2025 by 8.6% (to 2.31 million toe), respectively by 4.5% (to 185,000 toe) and in 2026 by 10.2% (to 2.075 million toe), respectively by 2.5% (to 180,000 toe).
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
