The net production of coal of Romania was, as a total, over the first six months of the year, 1.5 million tons equivalent oil, being 14.2% (248,300 toe) lower than the similar period of 2022, according to the data centralized by the National Institute for Statistics (INS).During the mentioned period, Romania imported 147,200 toe coal with 180, 20 toe (55.6%) less than the quantity imported last year during the same period.According to the National Commission for Strategy and Prognosis, the coal production of Romania will drop this year by 12.5% down to 2.705 million toe, while imports will diminish by 40.3% at 210,000 toe.In its latest energy balance forecast, the CNSP reports that, by 2026, coal production and imports are expected to decrease as more power generation capacity comes on stream. Thus, in 2024 production will fall by 6.7% (to 2.525 million toe) and imports by 6.7% (to 195 000 toe), in 2025 by 8.6% (to 2.31 million toe) and 4.5% (to 185 000 toe) respectively and in 2026 by 10.2% (to 2.075 million toe) and 2.5% (to 180 000 toe) respectively.
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
