Romania produced more than 2.07 million tonnes of oil equivalent of crude oil in the first ten months of this year, down by 173,400 toe, a decrease of 7.7%, compared with the same period in 2024, according to data centralised by the National Institute of Statistics (INS).Crude oil imports totalled 7.74 million toe over the period analysed, about 1.1 million toe more than those recorded in the first ten months of the previous year, an increase of 16.5%.According to the latest energy balance prognosis published by the National Commission for Strategy and Prognosis (CNSP), crude oil production is expected to decline by 2027 at an average annual rate of 2.5%.Thus, crude oil output is estimated at 2.74 million toe in 2025, down by 2.8% compared with the previous year, 2.68 million toe in 2026, a decrease of 2.2%, and 2.63 million toe in 2027, down by 1.9%.According to the National Commission for Strategy and Prognosis, this decline is the result of the natural depletion of deposits and the maintenance of existing production units.Crude oil imports are forecast to rise to 7.8 million toe in 2027, at an average annual rate of 1.5%, increasing 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.
At the beginning of the year, in a context marked by the return to daily routines after the holiday season and the resumption of physical activities at a sustained pace, Waterdrop announces the launch of its new Microlyte Recharge range on the Romanian market. Available starting today, the new range has been developed to support […]
World-renowned ballerina Maria Kochetkova will perform in Romania for the first time on March 5, 2026, as part of the Bucharest International Ballet Gala, an anniversary edition dedicated to sculptor Constantin Brâncuși. The event will be held at Sala Palatului and marks 150 years since the birth of Brâncuși, one of the most influential figures […]
Mihai Eminescu, Romania’s celebrated national poet, described actual places in many of his poems, and some can still be visited today. Verses written in iconic poems like Călin (file de poveste) describe places in Vânători Neamț Natural Park, part of the ecotourism destination Ținutul Zimbrului, according to a press release. Visitors can actually step through […]
American and Romanian experts in managerial excellence, competitiveness, and leadership announced the launch of the Romanian Performance Excellence Program 2026 on January 15. Inspired by the US Baldrige Program, the new initiative is aimed at professionalizing management and increasing the competitiveness of public and private organizations. The program is organized by the National Foundation of Young […]
The Yellow Tie/Cravata Galbenă, a biographical film inspired by the life of Romanian conductor Sergiu Celibidache, has been selected for the programme of the 41st edition of the Santa Barbara International Film Festival, one of the most prestigious film events in the United States. Directed by Serge Ioan Celebidachi, the film will have its US […]
Real estate developer Park Properties, led by Alexandru Mănăilă, has partnered with businessman George Peltecu to develop SunLake Snagov Signature Collection, a high-end residential project featuring lakeside villas and a private marina. The construction is set to begin this spring, the company said. The complex will be built on a 15,000 sqm plot of land, […]
