In the first two months of 2024, Romania produced 449,400 tonnes of oil equivalent (toe) of crude oil, down 13,400 toe (-2.9%) y-o-y, according to data with the National Institute of Statistics (INS).Imports of crude oil amounted to 1.395 million toe during the same period, up 59,200 toe y-o-y.According to the latest Energy Balance Forecast published by the National Board on Economic Strategy and Forecasts (CNSP), Romania's crude oil production will be on a downward trajectory until 2026, by an average annual rate of -2.2% as a result of the natural decline of deposits and the maintenance of existing production utilities.Thus, in 2024, production should be 2.98 million toe (-2.3% y-oy), in 2025 2.91 million toe (-2.3%) and in 2026 2.855 million toe (-2%).On the other hand, CNSP is expecting imports to increase in the same period by an average annual rate of 4.1%.For 2024, imports of 9.65 million toe (+4.7%), for 2025 of 10 million toe (+3.6%), and for 2026 of 10.3 million toe (+3%) are estimated in the latest Energy Balance Forecast.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
