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.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
