Romania has imported, in the first eight months of 2021, 4.837 million tons of oil equivalent (toe) in oil, by 452,000 toe (10.3) more than the quantity imported in the similar period of 2020, according to data centralized by the National Institute for Statistics (INS).The oil production exceeded 2.085 million toe, by 4.7 pct (102,400) lower than in the previous year.According to estimates of the National Strategy and Forecast Commission, oil production is estimated to total this year 3.275 million toe (minus 3.2 pct over 2020) and 3.2 million toe (minus 2.3 pct) in 2022. Imports are estimated at 8.425 (plus 20.7 pct) this year, and 8.815 million toe in 2022 (plus 4.6 pct).The Energy Strategy project, published on the website of the Energy Ministry, estimates that oil production will maintain its slow decline between 2030 and 2050, from 22 to 13 TWh (1.93 to 1.15 million toe). Increasing dependence of imports cannot be avoided in the medium and long-term except by encouraging exploration and production activities, as well as by increasing the efficiency of fossil fuel consumption, the project mentions.
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
Cluj-based real estate developer Urbano Group announced plans for a new retail park in a project valued at EUR 100 million. The company says it will be the largest retail park in Transylvania. Until now, the developer has obtained the necessary building permits to begin work on Phase 1 of the park, which was named […]
SIGNAL IDUNA ASIGURARE REASIGURARE announces that final approval has been received from the Financial Supervisory Authority (ASF) for the acquisition of the majority stake in Garanta Asigurări, owned by The Ethniki, Hellenic General Insurance Company, the leading composite insurer in Greece. This transaction marks a key milestone for SIGNAL IDUNA, as the company continues its […]
Bitdefender, a global cybersecurity solutions provider founded by Romanian entrepreneurs Măriuca and Florin Talpeş, has agreed to acquire Mesh Security Limited (Mesh), a provider of advanced email security solutions founded in Ireland. Through the acquisition, Mesh’s email security technology and capabilities will be integrated into Bitdefender’s extended detection and response (XDR) platform and managed detection and response (MDR) services. […]
Several hundred people, mostly women, gathered on Wednesday, June 18, in Bucharest's Victory Square to voice their anger against the killing of women in Romania and demand reforms. Since the beginning of the year, 26 women have been killed. People brought signs displaying messages such as: “Safety for all women,” “Why is it always my fault?” […]
