Energy resources will register an average annual growth rate of 0.1% over 2024-2027, with a more important advane in the second part of the prognosis periof and a peak of 1% in 2026, according to the latest Energy Balance Prognosis published by the National Commission of Strategy and Prognosis (CNSP). A drop of 1.4% to 41.581 million tons of crude in 2024, an increase of 0.1% to 41.614 million tep for 2025 and of 1% to 42.022 million tep for 2026, and 0.7% to 42.304 million tep in 2027. At the level of primary domestic energy production, the estimated dynamic is negative, except for 2027, for which a recovery below 1% if foreseen so that an average annual rate of minus 0.5% is estimated due to the lower coal and crude production. According to estimates, the primary energy production will be 31.535 million tep in 2024 (minus 2.3%) of 21.465 million tep in 2025 (minus 0.3%), 21.430 million tep in 2026 (0.2%) and 21.624 million tep in 2027 (plus 0.9%). As for the production of primary electric energy, it is considered that electricity from renewable sources will record an average increase of 2.7% per year over 2024-2027, backed by new investments in hydropower plants at Cornetu Avrig, Surduc-Siriu or Siret Cosmesti-Movileni. Production increases are also foreseen for natural gas, with a slower dynamic in 2024, based on statistic achievements in the first 4 months, meant to grow to 3.4% in 2027. A slight improvement is supposed to happen in turning natural gas into electricity as a result of the commissioning of new energy groups, with combined cycle turbine, the prognosis mentions. An annual reduction of 2.2% is estimated for crude production. At the same time, the production of nuclear power was maintained constant throughout the prognosis, increases of production capacities being foreseen to take place after 2027. According to CNSP, the import of primary energy resources is expected to resume the ascending trend after the reduction of 2023-2024, due to the import of crude and coal. Following a drop of 0.5% foreseen for 2024 (to 15.486 tep), imports will grow by 0.7 million tep in 2025 to 15.59 million tep, by 2.8% in 2026 (to 16.633 million tep) and by 0.5% in 2027 , to 16.12 million tep. These resources are designed to ensure domestic consumption in conditions of improving industrial activity (in branches like chemistry and metallurgy) and of export, CNSP points out.
Kingswood Capital Management has signed an agreement to acquire the medical products manufacturer Drive DeVilbiss Healthcare from the private investment firm CD&R. Drive DeVilbiss has been present in Romania since 2005, with a factory in Bistrița, where the company produces its Ticco raised toilet seat, Delphi shower stools and Bellavita Nova bath lifts, according to
The National Agency for the Development of Health Infrastructure (ANDIS) and the Turkish group CCN signed the contract for the construction works on the Iași Regional Emergency Hospital on October 17. The value of the contract amounts to RON 1.69 billion (around EUR 340 million),
Egg producer Toneli has opened a breaker egg factory in Costeştii din Vale, in Dâmboviţa county, following a EUR 5 million investment. “Toneli has been active in this sector (e.n. breaker eggs) for four years, but we were outsourcing this service to a partner in Bulgaria. Now, we have built a factory from scratch,” Florin […]
Compa Group, one of the largest manufacturers of automotive components in the country, has started the second phase of Arsenal Residence, a residential complex located near the Sub Arini Park in Sibiu, in central Romania. The total investment exceeds EUR 30 million, and follows the company decision to diversify into the real estate market,
Mplus, the BPTO vertical of Croatia’s Bosqar Invest (ZSE: BSQR), has concluded its acquisition of Valoris, the Romanian customer experience (CX) and business process outsourcing (BPO) provider. The acquisition of Valoris further strengthens Mplus's position on the Romanian market and expands its delivery capacity for international markets, the company said. The transaction has received the […]
The Constitutional Court of Romania (CCR) ruled on October 20 that the law that modifies the pension rules for magistrates is unconstitutional. The decision on the law follows a complaint of unconstitutionality filed by the High Court of Cassation and Justice. The law, proposed by the government led by Ilie Bolojan as part of several […]
