Romania's net gas imports in 2023 amounted to 2.117 million tons of oil equivalent (toe), 6.2 percent down (-141,000 toe) from the previous year, shows data released on Thursday by the National Institute of Statistics (INS).The domestic production of natural gas last year totaled 7.5 million toe, up 1.5 percent (+109,000 toe) over 2022.According to estimates by the National Economic Strategy and Forecasting Board (CNSP), Romania's natural gas production will rise at an average annual rate of 3.6 percent over 2023 - 2026, after having decreased 1.1 percent (to 7.343 million toe) in 2022.In its latest Energy Balance Forecast, CNSP predicts a 2.4 percent increase in Romania's gas production (to 7.935 million toe) in 2024, an upward trend that will continue by an advance of 2.7 percent (to 8.15 million toe) in 2025 and of 3.8 percent (to 8.455 million toe) in 2026.Natural gas imports are projected to decrease until 2026 at an average annual rate of 2.2 percent.Thus, imports are estimated to reach 1.845 million toe this year, 1.79 million toe (-2.8 percent) in 2024, 1.755 million toe (-2.1 percent) in 2025, and 1.725 million toe (-1.8 percent) in 2026.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
