Romania produced, in the first eight months of 2023, a quantity of crude oil of 1.87 million tons of oil equivalent (toe), 78,600 toe less (-4%) compared to the same period last year, according to data centralized by the National Institute of Statistics (INS). Crude oil imports rose, in the January-August 2023 period, to 5.198 million toe, being 434,500 toe (-7.7%) below those recorded in the first eight months of 2022. According to the latest Energy Balance Forecast, published by CNSP, crude oil production is expected in 2023 at 3.050 million tons of oil equivalent (minus 2.3% compared to 2022). The National Strategy and Forecast Commission indicates 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 (minus 2.3% compared to the previous year), in 2025 to 2.91 million toe (minus 2.3%) and in 2026 to 2.855 million toe (minus 2 %). On the other hand, the import of crude oil will increase during the mentioned period with an average annual rate of 4.1%. For 2023, imports are estimated at 9.215 million toe (plus 5.1% compared to the previous year), for 2024 of 9.65 million toe (plus 4.7%), for 2025 of 10 million toe (plus 3.6%) and for 2026 of 10.3 million toe (plus 3%).
Timișoara, the city in the western Romania region of Banat and a holder of the European Capital of Culture title in 2023, won the grand prize and has been named the Destination of the Year 2026 at this year's competition of the same, which aims to promote local tourism. This year’s edition of the competition […]
Greenvolt Next said that it signed a new agreement with Sam Mills to develop and operate a photovoltaic project for self-consumption of over 2 MW, integrated with a 10.03 MWh battery energy storage system. Greenvolt Next will invest more than EUR 2.6 million in this project, bringing the total value of renewable energy solutions implemented […]
The cinema of the Netherlands will have a dedicated section at the 25th edition of the Transilvania International Film Festival, set to take place this June in Cluj-Napoca. Focus Netherlands, curated by Evgeny Gusyatinskiy, a member of the programming team of the International Film Festival Rotterdam (IFFR), will cover both recent debut films presented at […]
Compari.ro, Romania’s leading price-comparison platform and part of the Heureka Group, announces the winners of the first local edition of the Shop of the Year 2025 competition, naming GymBeam as the grand winner of the edition. During the event held on May 14, a total of 20 awards were granted across three main categories — […]
Poland’s president Karol Nawrocki adopted a rescued bear during his visit to Romania for the Bucharest Nine (B9) Summit this week, Mediafax reported. The bear, now named Batyr, lives at the Libearty Bear Sanctuary near the town of Zărnești. The announcement was made on social media...
North Bucharest Investments (NBI) has been named “Best of the Best Real Estate Agency” at HOF Awards 2026, one of the most important benchmarks in the Central and Eastern European real estate industry, organized under the aegis of CIJ Europe. The distinction represents the highest level of recognition within the HOF Awards platform, bringing together […]
