Romania produced 2.795 million tonnes of oil equivalent (toe) of crude oil in 2023, 129,200 toe less (-4.4%) than in the same period last year, according to data centralised by the National Institute of Statistics (INS).Crude oil imports amounted to 7.371 million toe last year, 1.332 million toe less than in 2022 (-15.3%).According to the latest energy balance forecast, published by the National Commission for Strategy and Prognosis (CNSP), this year's crude oil production was forecast at 3.050 million tonnes of oil equivalent, down 2.3% compared to 2022.The CNSP reports that Romania's crude oil production will be on a downward trajectory in the period 2023-2026, with an average annual rate of -2.2%, a consequence of the natural decline of deposits and the maintenance of existing production units.Thus, in 2024, it will be 2.98 million toe (-2.3% compared to the previous year), in 2025 2.91 million toe (-2.3%) and in 2026 2.855 million toe (-2%).On the other hand, the CNSP estimates an increase of 4.1% in the import of crude oil during the period mentioned above.For 2023, the energy balance forecast estimates imports of 9.215 million toe (+5.1% compared to the previous year), for 2024 of 9.65 million toe (+4.7%), for 2025 of 10 million toe (+3.6%), and for 2026 of 10.3 million toe (+3%).
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
