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%).
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
