Romania produced a quantity of crude oil of almost 2.456 million tonnes of oil equivalent (toe) January through November, 2024, by 106,500 toe less (-4.2%) against the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).Crude oil imports totaled 7.418 million toe, in the reference period, by 721,600 toe more against the level recorded in January-November 2023 (+10.8%).According to the latest Energy Balance Forecast, published by the National Strategy and Forecast Commission (CNSP), crude oil production is expected to decrease by 2027 at an average annual rate of 2.5%.Thus, for 2024, a quantity of crude oil of 2.82 million toe (minus 3.1% compared to 2023) is estimated, in 2025 of 2.74 million toe (minus 2.8% compared to the previous year), in 2026 of 2.68 million toe (minus 2.2%) and in 2027 of 2.63 million toe (minus 1.9%).According to the CNSP, this decrease will be the consequence of the natural decline of deposits and the maintenance of existing production units.Crude oil imports are expected to increase from 7.35 million toe in 2023 to 7.8 million toe in 2027, with an average annual rate of 1.5%. After a 13.7% decrease estimated for 2024, to 6.34 million toe, imports will increase by 10.4% in 2025, to 7 million toe, by 7.4% in 2026, to 7.52 million toe, and by 7.8% in 2027.
Romanian producers from Timiș and Tulcea claimed three gold medals at the 2025 edition of the Concours International de Lyon, one of Europe’s leading cheese and dairy competitions. Held in Lyon, the event brought together products from 15 countries and awarded a total of 680 medals, including 459 gold and 221 silver. From Romania, Asociația […]
Romania’s national team learned its potential group-stage opponents for the 2026 FIFA World Cup on Friday, December 5, during the official draw held at the John F. Kennedy Center for the Performing Arts in Washington, D.C. The winner of the UEFA play-off path that includes Romania will join Group D, alongside the United States, Paraguay, […]
Romanian president Nicuşor Dan is paying an official visit to France on Monday and Tuesday, with a schedule that includes meetings with French leader Emmanuel Macron, Paris mayor Anne Hidalgo, and members of the Romanian community,
The December 7 elections in Bucharest marked the lowest turnout in the last decade, but were also a major win for the National Liberal Party (PNL) since its candidate, Ciprian Ciucu, won a majority of votes in 5 of the 6 districts of the capital. In District 1, Ciprian Ciucu obtained 40.29% of the votes. […]
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
