Imports of energy resources decreased by 5.5% in 2023 compared to the previous year, while gross domestic energy consumption decreased by 3.5% and final energy consumption recorded a 3.2% decline, it shows provisional data published on Friday by the National Institute of Statistics (INS).According to the quoted source, at a general level, the total energy resources available in 2023 have decreased compared to those in 2022, up to 42 million tons of oil equivalent (toe), during which the primary energy production decreased by 1.5%.Also, more significant decreases in resources were recorded for imported coke (-49.5%), coal (-21.6%) and crude oil (-11.1%).On the other hand, the resources of imported petroleum products (+29.3%), hydroelectric, wind, solar photovoltaic and nuclear heat (+10.0%) and natural gas (+6%) increased.The INS data reveal the fact that, in 2023, primary energy production (21.918 million toe) decreased by 344,000 toe compared to the similar period in 2022, against the background of the decrease in coal and soot production. In contrast, the production of electricity from renewable sources increased by 437,000 tep (+21.8%) and the production of usable natural gas by 129,000 tep (+1.7%).Regarding the import of energy products, it decreased, in the analyzed period, by 5.5%, due to the decrease in imports of coal and coke (-49%), coal (-15.3%) and usable natural gas (-6.2%). At the opposite pole was the import of petroleum products, with a jump of 29.3%.From one year to another, in 2023, the final energy consumption, for the total economy, decreased by 3.2%, as a result of the activities in industry (-13.8%), for the population (-4.3%) and from agriculture and forestry (-2.7%). Consumption from transport and other branches of the economy increased by 3.9% and 3.8%, respectively.At the same time, in the total final energy consumption, transport consumption has the largest share (33.7%), followed by population consumption (32.5%) and industry consumption (21.3%).
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
REHAU, the German leader in polymer-based solutions for the construction, automotive, and industrial sectors, announced the appointment of Paul Chipriean as Country Manager for Romania at the beginning of this year, taking over for Alexandru Oprea, who will move on to a new strategic regional position. Concurrently, Paul Chipriean will also serve as Director of […]
Moldova will not compete in the Eurovision 2025 song contest. The decision was made "following a detailed analysis of the current situation, as well as economic, administrative, and artistic challenges," the organizers stated. The announcement was made on Wednesday, January 22, by the director of the national television Moldova 1, Corneliu Durnescu, and the head […]
Low-cost airline Wizz Air said that it continues its expansion at the Sibiu base with the allocation of a second aircraft in the summer of 2025, bringing the total number of aircraft in Romania to 33. The company will thus increase capacity in the Transylvanian city by adding over 320,000 seats, a 58% increase compared […]
