Romania's net coal production totaled 2.958 million tons of oil equivalent (toe) in the first 11 months of 2021, up 17.5 pct (440,800 toe) form the same period of 2020, according to data centralized by the National Institute of Statistics (INS).During the mentioned period, Romania imported 440,600 toe of net coal, by 38,700 toe (9.6 pct) more y-o-y.The National Commission for Strategy and Forecast (CNSP) estimated a coal production of 3.020 million toe for 2021, up 9.9 pct from 2020, and imports of 370,000 toe, down 12.1 pct. For 2022, CNSP forecasts a production of 2.935 million toe, down 2.8 pct, and imports of 270,000 toe, down 27 pct.According to the National Energy Strategy, total coal output will decrease from 32 TWh in 2030 to 12 TWh in 2050, in a trend to reduce the share of coal in the energy mix (45 TWh, in 2020).For 2030, the results of Optimum Scenario modeling show that energy derived from coal will decrease slightly to 15.8 TWh, accounting for 20.6 percent of the energy mix.
A recent investigation conducted by Romanian journalists at Recorder claims to show that Vlad Oprea, the mayor of Sinaia, a popular mountain town roughly 120 km north of Bucharest, has an impressive fortune hidden from public view. He allegedly owns several properties, including a castle in France, which was bought under the name of one of his […]
Retail investors subscribed over 23.3 million shares in the first three days of the initial public offering carried out by energy group Premier Energy (PE). There were over 10,000 orders placed by retail investors, amounting to over RON 500 million (100 mln), as of Friday, May 10, at 15:15. The Premier Energy IPO is the […]
Romania ranked second in the region in terms of industrial & logistics spaces leased in the first quarter of 2024, after Poland, the uncontested leader in Central and Eastern Europe, according to a recent report by real estate consultancy company Cushman & Wakefield Echinox. The local demand surpassed that in Czechia, Slovakia, and Hungary. Companies leased […]
The organizers of Romania’s seaside festival Neversea unveiled the first artists for this year's edition. Maluma, Nick Carter, Bebe Rexha, G-Eazy, Mahmut Orhan, Don Diablo, and others are on the 2024 lineup. Maluma, the Colombian reggaeton and Latin-pop superstar known for his chart-topping hits and collaborations with artists like Shakira, Jennifer Lopez, The Weeknd, J […]
Digital nomad publication Freaking Nomads created an index of the best cities for digital nomads worldwide, and Bucharest took the ninth spot in the ranking. Coming out on top was Hoi An, Vietnam, with a score of 73.94 out of 100. The research looked at criteria influencing the appeal of cities for digital nomads, such […]
The electoral campaign for the June 9 local and European elections in Romania officially began on Friday, May 10, and will end on June 8. The Central Electoral Bureau urged all candidates and parties to maintain balanced and honest discourse and avoid distorting or manipulating information. The audiovisual electoral campaign will conclude on June 7 […]
