Romania produced, in the first 11 months of 2023, a quantity of crude oil of 2.562 million tons of oil equivalent, 114,300 toe less (-4.3%) compared to the same period the previous year, according to centralized data by the National Institute of Statistics (INS).Crude oil imports rose, in the January-November 2023 period, to 6.696 million toe, being 1.36 million toe below those recorded in the first 11 months of 2022 (-16.9%).According to the latest Energy Balance Forecast, published by the National Commission for Strategy and Prognosis (CNSP), this year's crude oil production was expected to be 3.050 million tons oil equivalent, down 2.3%, compared to 2022.CNSP indicates that Romania's crude oil production will be on a downward trajectory in the period 2023-2026, with an average annual rate of -2.2%, a consequence of the natural decline of deposits and the maintenance of existing production units.Thus, in 2024 it will be 2.98 million toe (-2.3% compared to the previous year), in 2025 to 2.91 million toe (-2.3%) and in 2026 to 2.855 million toe (-2 %).On the other hand, for the import of crude oil, CNSP estimates an increase in the mentioned period with an average annual rate of 4.1%.For 2023, the Energy Balance Forecast estimates imports of 9.215 million toe (+5.1% compared to the previous year), for 2024 of 9.65 million toe (+4.7%), for 2025 to 10 million toe (+ 3.6%), and for 2026 of 10.3 million toe (+3%).
Close to 1.8 million Bucharest residents are expected to cast their ballot on Sunday, December 7, to elect the city's next mayor. The post has been vacant since Nicușor Dan was elected president this May. He had secured a second mandate as mayor of Bucharest in June 2024, having won over 48% of the votes. […]
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
