Europe's dependence on natural gas, as high as before the crisis, brings important price changes to any supply limitation, says Dumitru Chisalita, chairman of the Smart Energy Association (AEI) in an analysis sent on Tuesday."Europe's dependence on energy imports has not changed significantly in recent years, with Europe remaining heavily dependent on energy imports. An incident at a gas pipeline in Norway has caused important price changes on the stock exchanges, just as it happened before the crisis in the case of interruption of gas exports from Russia. An analysis of Eurostat data shows that the measures taken lately have not significantly changed Europe's level of energy security, replacing dependence on Russia with dependence on other countries. It can be seen that dependence on energy imports from Russia has decreased three times, but it has not been completely offset. There is a false idea that the gas crisis has caused a radical change in the energy market and gas has been left aside. In fact, statistics show us that things are not like that at all," says Chisalita.At the same time, dependence on coal in the EU increased in 2021 and 2022, with the restart of some coal-fired power plants following the gas crisis, and later returned to the level of 2019. The smallest decrease in dependence on imports from Russia is at the level of coal, which decreased by only 6%."Island countries are among the top energy-dependent countries, and at the opposite pole is Romania (the 4th least energy dependent country in the EU), ahead of Sweden, Estonia and Iceland."Romania is the country least dependent on imported gas and the second country least dependent on the import of petroleum products."These data show the importance of secure energy in the functioning of Europe and even more so of natural gas in this construction, which should be an important lesson for public policies and should determine rapid adaptability in order to avoid some of the future energy crises that are looming, ahead."
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
