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.
Train ticket prices will rise by nearly 10% starting December 14, when the new 2025–2026 railway timetable comes into effect in Romania, officials confirmed on Wednesday, as reported by Agerpres. The increase of 9.88% reflects the annual inflation index published by the National Institute of Statistics (INS), in line with...
Deputy prime minister Oana Gheorghiu will lead a working group tasked with reforming Romania's loss-making state-owned companies, prime minister Ilie Bolojan said in an interview with ProTV, as reported by G4media.ro. Her predecessor, Dragos Anastasiu,
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
Statements by Romanian prime minister Ilie Bolojan about cutting by 10% the total personnel budget for all ministers and other similar contracting units, as opposed to only the central administration of the respective bodies, prompted on November 19 a radical reaction from the Social Democratic Party (PSD) and trade unions in the public sector. No […]
Romania’s Ministry of Labour unveiled for public consultations the revised law on magistrates’ pensions, and the government, in a press release, expressed its hope that the approval process, including by the Superior Council of Magistracy (CSM), will proceed expeditiously. However, CSM vice president Claudu Sandu has already publicly rejected the law as insufficient. The bill is […]
PPC, the largest power supplier in Greece, also active in Romania with distribution, production, and supply operations after it took over Enel's operations in the country, announced at the Capital Markets Day event investment plans worth EUR 3 billion over the next three years in Romania, according to Economica.net....
