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.
AQUILA (BVB: AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, reported an 11% increase in revenues in the first quarter of 2024 compared to the same period last year, to RON 624 million (EUR 125 mln). However, the company’s net […]
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business that will bring new perspectives to the medical industry in Romania. The two entrepreneurs have set up Global Med Care, a project that promises to redefine standards in the Romanian medical field. Focusing […]
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
