Romania imported, in the first 11 months of 2023, a quantity of usable natural gas of 1.995 million tonnes of oil equivalent (toe), 2% higher (+39,800) than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Domestic production of natural gas in the period January-November 2023 exceeded 6.841 million toe, 1.7% higher than in the first 11 months of 2022 (+117,500 toe).According to estimates by the National Commission for Strategy and Prognosis (CNSP) , natural gas production is expected to rise at an average annual rate of 3.6% between 2023 and 2026, following a 1.1% decline (to 7.343 million toe) in 2022.In its latest Energy Balance Forecast, the CNSP anticipates an increase in gas production of 5.6% in 2023 (to 7.755 million tonnes of oil equivalent), 2.3% in 2024 (to 7.935 million toe), 2.7% in 2025 (to 8.15 million toe) and 3.8% in 2026 (to 8.455 million toe).As regards natural gas imports, a sharp decrease is forecast for 2023, by 23.1%, a trend that will continue until 2026, with an average annual rate of 2.2%.Thus, for this year, imports are estimated at 1.845 million toe, for 2024 at 1.79 million toe (minus 2.8%), for 2025 at 1.755 million toe (minus 2.1%) and for 2026 at 1.725 million toe (minus 1.8%).Last year, natural gas imports fell by 16.5% to around 2.4 million toe, while exports stood at 470,000 toe.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
